Franklin's Morton: UK faces murky outlook

There have been "stark changes" to investor behaviour recently, but beware over-confidence in the UK economy as tailwinds could soon turn to headwinds, warns Franklin Templeton's Colin Morton.

Although the UK has - in some ways - been the bright spark of the global economy recently, we cannot separate ourselves from the confusing and clouded outlook being driven by various exceptional circumstances across the globe. Headwinds include the tapering of quantitative easing and the difficult situations playing out in both the Middle East, and in Russia and Ukraine. Market nervousness stems from the fact that investors are not fully clear on what will occur when these exceptional events come to an end, so we sit in something of an unprecedented scenario. Stark changes There h...