With Article 50 officially triggered, Hargreaves Lansdown takes a look at the top ten best and worst performing FTSE 100 stocks since the UK voted to leave the European Union on 23 June 2016.
Sterling's decline hugely benefitted the FTSE 100 which has risen 19.1% since the vote. After slumping 10% to $1.33 on June 24, a 31-year low, sterling continued to fall and has hovered around the $1.25 mark since then. Much of the FTSE 100 is made up of international earners and mining companies, meaning a weaker pound coupled with dramatic rises in commodity prices since the vote has fed through to share prices. Investment Week's Brexit Crib Sheet: All the key stories as Article 50 triggered As a result, Glencore and Antofagasta are the best performing stocks since the vote, risi...
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