Pound strengthens following PM resignation - RLAM Market reaction

Published  07 July 2022
   4 min read

Reacting to the announcement of the Prime Minister’s resignation, Trevor Greetham, head of multi asset at Royal London Asset Management said:

“The pound strengthened markedly on news that Boris Johnson resigned as Conservative Party leader. An uncertain leadership election with no clear front runner ought to be a source of uncertainty for financial markets, but a continuation of the chaotic scenes of recent weeks was arguably worse.”

About Royal London Asset Management (RLAM):

Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.

RLAM manages £164 billion of assets and employs 129 investment professionals as at 31 December 2021. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.

For professional clients only, not suitable for retail investors.

Issued by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.

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