22nd Jul 2020. 9.41am
UK Sector Snapshot
Those of your who regularly follow our UK Sector Snapshot’s will know that strength in Metals & Mining versus weakness in Oil & Gas has been a running theme during the last three months.
This relatively stable underlying narrative to the market has been very beneficial to our trading performance and long may it continue!
Housebuilding & Construction has maintained much of its recent strength and the Pharma composite index has been lifted by AstraZeneca’s positive COVID-19 vaccine news.
We have a raft of UK banks reporting next week so it is likely volatility around this underperforming sector will increase significantly during the coming sessions.
This research is prepared for general information only and should not be construed as any form of investment advice.