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This Article is From Jan 03, 2017

U.K.’s 2016 Stock Rally Is Boon for Locals, Bane for Rest: Chart

U.K.’s 2016 Stock Rally Is Boon for Locals, Bane for Rest: Chart

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(Bloomberg) -- While the FTSE 100 Index recorded its highest-ever close this week and is poised for its best annual gain since 2013, the slump in the pound has made the rally a strictly local affair. International investors have come up short in the year Britons voted to leave the European Union as the benchmark still hovers below pre-Brexit levels in dollar and euro terms, and is down since the end of 2015.

To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net. To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Angela Cullen

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