Economic policy uncertainty and analyst behaviours: Evidence from the United Kingdom

This paper documents that both domestic and cross-country economic policy uncertainty have significant impacts on the behaviours of analysts in United Kingdom. Specifically, has negative analyst earnings forecast accuracy, dispersion, recommendation upgrades downgrades, whereas it no impact coverage An industry analysis shows effects uncertainties vary across industries. Moreover, European global similar as U.K. Kingdom, U.S. exhibits different impacts. study presents novel comprehensive evidence an important information intermediary influences capital market efficiency, providing practical implications for investors, analysts, corporate managers, makers. • Domestic EPU recommendations UK The industries