Rachel Reeves pledges to 'make UK better off' as she arrives in China
Published On Jan 10, 2025, 7:16 PM
Chancellor Rachel Reeves is visiting China to strengthen trade and investment relations amidst rising UK borrowing costs and a declining pound. The visit aims to support the UK economy and safeguard jobs by enhancing exports to China, which is a key trade partner. However, there are concerns about market turbulence and its impact on fiscal policies. During discussions in China, Reeves will also address geopolitical and human rights issues.
Stock Forecasts
EWU
Positive
Reeves' visit could lead to increased trade ties with China, especially in financial services, which may positively impact UK businesses and jobs. However, the market's reaction to high borrowing costs and the pound's decline might overshadow potential gains from this trip.
DIA
Negative
Given the challenges posed by the rising borrowing costs and stagnant economic growth, UK investments in sectors exposed to international trade, particularly with China, could be affected negatively in the short term despite long-term aspirations. Consideration of funds that expose investors to multinational companies may reflect this uncertainty.
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