The Curious Case of U.K. Stock Valuations Amid `Brexit': Chartby
While doubts grow about the future of the U.K.’s membership in the European Union, something strange is happening to its stocks. Rather than being punished for a lack of certainty, they’ve become the most expensive ever relative to others in the region. The FTSE 350 Index trades at 15.5 times estimated earnings, a record 7 percent premium to the Stoxx Europe 600 Index. To read more, click here.