How much longer will UK's political posturing impact the currency?

clock • 2 min read

As we have clearly seen in the UK this year, as equity markets go up, yields go down.

And despite the shock and uncertainty of the EU referendum result, the market has rallied considerably and been one of the best performing equity markets globally.  This is, in large part, due to the significant fall in the value of sterling, without which the market would be at a similar level to both the US and Europe.  But while the market has gone up, yields have fallen. Yield levels in the UK will continue to be driven by currency levels as that is the main driver of the profitability of major yield players and price movements of the equity market.  So will sterling remain on ...

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