UK Markets Hopeful for Revival

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British markets

Reuters

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World

Analysis-Scarred UK assets soothed by US trade pact, BoE rate cuts

Summary

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U.S. trade deal, rate cuts and hopes for renewed links with Europe spur optimism for UK markets.

FTSE 100 is now moving in line with international peers for first time since 2021 .

Money managers expect at least more stability for UK assets scarred by Brexit , budget scare and January 's bout of capital flight.

Fidelity 's Gohil said overseas pension fund clients had started expressing interest in buying into Britain to diversify away from the U.S. He was also raising holdings of debt issued by UK banks and utilities groups. "The UK 's definitely more immune to the direct impact of trade wars. So actually, as a place to hide, it's not the worst." ($ 1 = 0.7504 pounds ) (Reporting by Naomi Rovnick ; Editing by Dhara Ranasinghe and Ed Osmond ).