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ETFs For U.K. Stocks, Pound Tumble After ‘Worst Possible’ Election Outcome

TedTed
in Fund Discussions
FYI: The largest exchange-traded products tracking the United Kingdom’s equity market and currency all fell on Friday, in the wake of an election that analysts deemed the “worst possible outcome” for the country as it prepares to negotiate how it will leave the European Union.

The iShares MSCI United Kingdom ETF EWU, -0.85% fell 1% in its biggest one-day decline since December. While the fund remains up more than 11% thus far this year, it is trading at an one-month low. Volume on the fund, in the first hour of trading, was roughly a third of its 30-day average.
Regards,
Ted
http://www.marketwatch.com/story/etfs-for-uk-stocks-pound-tumble-after-worst-possible-election-outcome-2017-06-09/print

M* Snapshot EWU:
http://www.morningstar.com/etfs/ARCX/EWU/quote.html

Comments

  • Sven
    Sadly the election was pushed to take place prior to the negation date on Britex
  • Sven
    Nevertheless Treasa May decided to stay as PM of Great Britain.
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