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Overall Market Condition of the UK

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Introduction

Overall Market Condition of the United Kingdom According to the Wikipedia, the United Kingdom is treated to be one of the major economic powers, with the second largest economy in Europe after Germany, measured by the gross domestic product (GDP) in nominal terms having a value of $2.828 trillion as of 2014, and eighth in the world which is measured by the purchasing power parity (PPI) with $2.497 trillion value. Its currency, the pound sterling, is the world’s third largest currency reserve after the US dollar and the euro with an exchange rate of £1.70 to $1. It is also fourth most traded currency in the foreign exchange market after the United States dollar, the European Union’s euro and the Japanese yen, with a percentage daily share of almost 11.8%. ...read more.

Middle

The country was the first one to be industrialized in the eighteenth century and made significant contributions in the nineteenth century. After the two great World Wars the UK?s position in the global market weakened. Nonetheless, it still plays a vital role in the world economy particularly in its financial service industry in which the capital London is considered to be the largest finance center in the world with a contribution of around 78% for the GDP, and its pharmaceutical industry which has the third highest share of pharmaceutical research and development globally. The UK experienced a severe recession caused by the financial crisis from 2007 to 2008, which is considered by many analysts as the worst since the 1930?s Great Depression due to total collapse of many huge financial institutions and significant fall of prices in stock markets around the world, and is currently recovering from it. ...read more.

Conclusion

In fact, the London Stock Exchange (LSE) which is the primary stock exchange in the UK, is the largest in the whole Europe, and the 5th largest in the world. As of 31 May 2014, its market capital was $3.396 trillion, and the trade volume was $1.890 trillion, with 2,475 companies listed. The FTSE 100 or the Financial Times Stock Exchange 100 Share Index, is the most dominant index in LSE, containing 100 of the top blue chips. "Economy of the United Kingdom". Wikipedia.org. Retrieved 28 July 2013. ?Economy tracker: Inflation?. BBC news. 15 July 2014. Retrieved 28 July 2013. ?London Stock Exchange?. Wikipedia.org. Retrieved 28 July 2013. ?FTSE Statistics?. London Stock Exchange. Retrieved 28 July 2013. ?LSE Profile: 2014?. London Stock Exchange. Retrieved 28 July 2013. ...read more.

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