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Latest British Political Drama Proves ‘Sideshow’ for Investors

  • Pound holds ground while UK stocks rally in line with region
  • Policy changes or a new government needed to rattle markets
Boris Johnson, center, Rishi Sunak, right, and Sajid Javid.

Boris Johnson, center, Rishi Sunak, right, and Sajid Javid.

Photographer: Neil Hall/EPA

Britain’s latest political turmoil is adding to an increasingly uncertain UK outlook, leaving investors holding back from big bets on the country’s markets for now.

The pound has barely budged on the resignations of two of Prime Minister Boris Johnson’s key ministers, while a rally in UK stocks on Wednesday is in line with a European rebound. That’s in contrast to years of politically-fueled market turbulence during Brexit negotiations as well as earlier departures in Johnson’s reign.