The weak pound and increased Bank of England stimulus have lifted the FTSE 100 Index 8.4 percent since the U.K. voted to leave the European Union. That’s sent its dividend yield to 4 percent, about the same as that of the Euro Stoxx 50 Index. Now the spread between the two is hovering around its lowest level since 2013, while that against the S&P 500 is near a one-year low.
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