Pound Weakens as Stocks, Gilts Rally During Cameron’s Era: ChartBy
Of all the U.K.’s major financial assets, the pound is the only one to have fallen during David Cameron’s six years as prime minister -- or rather, in the three weeks since Brexit. Sterling has dropped 11 percent since he took office on May 11, 2010. Until last month’s referendum, though, it was up 0.2 percent. The FTSE 100 Index rose 24 percent during his premiership, while government bonds returned 58 percent.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.