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UK stock market finishes year on a high

The UK stock market is pushing ahead this morning and is now within reaching distance of the 2009 high. This comes at a time when concerns about the UK economy and the US economy have reappeared but at this moment in time very few investors seem to be overly concerned. However, it is worth noting that while the UK is likely to move out of recession in the short term, there is a feeling that the US recovery may be stalling slightly.

Each and every analyst you speak to regarding 2010 will have a very different opinion and a very different forecast for the next 12 months. Much depends upon the initial direction of the UK economy in the early part of 2010 which could dictate the potential pace of recovery in the latter part of 2010. However, the fact that many analysts believe UK base rates will not rise until the final quarter of 2010 is a sober reflection of the difficulties still being experienced within the UK.

As we have mentioned on numerous occasions, those who believe that 2010 will be "a walk in the park" may well have to think again as the momentous changes within the UK economy over the last two years could take up to a decade to filter through.

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