© Reuters. FILE PHOTO: People walk across the Golden Jubilee Bridge during sunny weather, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, June 5, 2021. REUTERS/Henry Nicholls/File Photo
By Tommy Wilkes and Joice Alves
LONDON (Reuters) – Cinema tickets, traffic jams, office footfall, web conferencing, even private jet leasing: investors are parsing motley metrics for clues about how to make money when a major economy reopens.
Britain’s blistering COVID-19 vaccine rollout is helping its economy open quicker than much of continental Europe, potentially providing a blueprint for investors trying to map how the recovery trade will play out across the rest of the region.
The United Kingdom has been gradually loosening restrictions, with much of the country set to fully reopen on June 21, and consumers who have accumulated savings during lockdowns are starting to spend.
As a result, international investors who had largely shunned UK stocks since the 2016 Brexit referendum are back; they now hold the biggest British “overweight”...read more...