Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
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Boris Johnson, center, Rishi Sunak, right, and Sajid Javid.
Greg Ritchie,
Sagarika Jaisinghani, and
Tasos Vossos
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.
