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Bank of England governor mervyn king this week suggested that the "clouds" of the British economy may be dissipated. But due to various assets is strong, and sterling vulnerable, investors in the UK economy growth outlook is not so clear.
Mervyn king said on Thursday that the UK economy is gaining ",cheap oakleys;kinetic energy",fake oakley sunglasses;, will be in recovery this year, and the pound after the recent plunge, it seems reasonable valuations. His remarks let the market by surprise.
The pound trade-weighted index edged up. The index fell as much as 7% in 2013.
But, in the trade weighted terms, pound is still about 25% lower than before the crisis began in 2007. While the UK stock market soared after the king issued a optimistic view.
So, sterling and the shares which can better reflect the views of the investors in the UK economy? Due to shrinkage financial sector, household deleveraging and fiscal austerity, the British economy only weak growth or even no growth for a long time.
Pessimists feel king's comments to change,cheap oakley sunglasses, may be to prop up sterling, prevent "stagflation". The devaluation of pound sharp downturn in economic growth increased imported inflation. King last year also talking about the UK economy is facing "uncertainty clouds".
Other people think that pessimism may be overdone.
Standard Life Investments, director Jonathan, Gibbs said his views on the stagnant situation has roots are sceptical, he also said that even if such a trend continue, doesn't mean that caused by stagnation of economic and investment environment in the 1970 s nightmare will repeat itself.
"We believe the middle back environment is continuous improvement," Gibbs said. The UK market is affected by global reflationary and recovery over the sluggish domestic economy, contribute to performance in the stock and property markets, he said, and investors are also looking for inflation protection,fake oakley sunglasses.
Slowly, he says, asset allocation from low-yielding bonds to the global trend of stock market, is also on the stock market. The FTSE support factors, the index, which this week hit a five-year high.
Citigroup analyst Robert Buckland says Britain and the United States stock market rally mainly supported by valuation, and the domestic economy is not the decisive factor, earnings per share to return to 2007 levels.
Despite the market's recent rally, but the cyclically adjusted p/e is still lower than 40-year average of about 15%.
"Without economic growth or economic growth really is essential, so we would expect the global emerging markets and Asia, excluding Japan stock market will hit a record high, but it's actually not the case," wrote Buckland.
 

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