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Many investors will no doubt welcome the new year. Although we may be in a sombre mood as it begins, as Covid-19 cases rise and further restrictions are afoot, there are reasons to feel cheerful as we look ahead to 2021.
First, there are the vaccines, which should restore some form of normality. Second, Britain’s last-minute deal with the EU should alleviate much of the uncertainty that has overshadowed London shares for the past four and a half years.
“It is not necessarily the outcome in itself; it is the fact we will have certainty that is the most important thing,” said Simon Elliott of Winterflood Securities, the broker.