“FTSE is fully valued, Le Pen could win”, says Buik - Panmure Gordon

David Buik, Senior Market Commentator at Panmure Gordon talks to Tip TV Presenter Zak Mir about PM May’s decision to go for a snap election, the resulting sell-off in FTSE 100 and rally in the Pound. David also shares his view on the French election.

Buik isn’t surprised by the drop in the FTSE as he believes the mining-heavy index is fully valued. He adds, “The record high on the FTSE 250 indicates the UK is ready to do business”.

When it comes to the French election, Buik belongs to a minority who believe Le Pen could come out victorious.

Listen to the full segment for more info on whether the EU could actually break-up well before the conclusion of the Brexit negotiations.

#FTSE100, #FTSE250, #indices, #UK, #equities, #trading, #Pound, #GBP, #GBP/USD, #currencies, #markets, #macro, #fundamentals, #France, #EU, #LePen, #elections, #investing, #trading