Mumford: The UK Could See a Bull Run in 2017
It is possible to find returns of 7 or 8% on UK stocks, according to Paul Mumford fund manager at Cavendish Asset Management. Speaking to Daybreak Europe’s Caroline Hepker and Manus Cranny, he argues that the drop in sterling will be a boost to companies like North Sea oil producers, but that sterling could return to the $1.50 level, even if it takes a number of years.
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