- The London FTSE index has closed up 1.95% on the week. Yes, that says up.
- The British Pound Sterling (GBP) continues to trade, but it’s found its weekend level more or less. It’s 5.5% down on the week.
In other words the UK internally, in British Pounds Sterling terms, feels a little better about itself financially this weekend than it did last weekend. But for the rest of us the United Kingdom is a cheaper place. Welcome to isolationism.