Goldman Sachs: UK Stocks Price Post-Ceasefire Slowdown

FTSE 250 trades at the 15th percentile P/E, indicating valuations consistent with zero or slightly negative economic activity.
Goldman Sachs cut UK Q4 GDP growth forecast to 0.6% from 1.5% and lowered Q2 Brent crude to $90 per barrel.
FTSE 100 closed at 10,603 on April 9, with forward P/E 13.0, dividend yield 3.3%, and GS price target 10,800.
UK 10‑year gilt yield at 4.8% and GS expects it to fall to 4.4% within 12 months as yields moderate.