Jon Cunliffe's 2017 outlook: Better global growth and a resilient UK

If there is one lesson to learn from 2016, it is to expect the unexpected. Britain's vote to leave the European Union and the election win by Donald Trump seemed unlikely just 12 months ago - and both had a considerable impact on markets. The year started with a global growth panic over prospects in China and a continued slump in the oil price. But Wall Street managed to hit a series of new highs by the end of the year and China fears came to naught. We are upbeat on the prospects for shares and we expect the FTSE 100 to reach 7,400 before the end of the year. Better global growth and...