“I would think given the volatility and reactions we’ve seen from both the government and BOE, there’s at least a tacit recognition of the conflicting agendas between administration and central bank and they’re working to resolve that,” said Calvin Yeoh, a money manager at the fund in Singapore. “This should give investors some confidence but policy volatility remains.”
Still, “trading the UK market right now is like playing musical chairs at the foot of an active volcano,” he said.
--With assistance from David Finnerty.
This article was provided by Bloomberg News.