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by _b8r0
2854 days ago
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It's not just US companies, although US companies are picking up more household names. For the best part of the past decade, UK firms have largely underperformed compared to their US counterparts. The pound is depressed due to the way Brexit has gone to date and is likely to fall further still, making British companies undervalued on average. A lot of British companies (like Whitbread, who own Costa) gain substantial revenues from abroad but are exposed to currency risks through the pound and anaemic economic growth at home. |
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