UK sector review – what’s next for the UK stock market in 2024?

hl.co.uk:

We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

We look at what’s happened in the UK economy, how the stock market’s been coping, and how our Wealth Shortlist funds have performed.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 12 January 2024

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

The UK’s heading into 2024 after a stronger than expected 2023. Unemployment’s sitting at 4.2% (similar to the G7 average) and inflation has dropped significantly over the year.

Here’s what might matter most to UK markets in 2024.

This article isn’t personal advice. If you're not sure if an investment is right for you, ask for financial advice. All investments fall as well as rise in value, so you could get back less than you invest. Past performance isn’t a guide to the future.

Focus on the Bank of England’s (BoE) monetary policy is likely to continue in 2024 and when it might start cutting interest rates from the current 5.25%.

We’ll get a better sense of what the year ahead could hold when the BoE’s Monetary Policy Committees meet for the first time this year on 1 February.

The BoE’s seen evidence that tighter monetary