Last week’s sterling flash crash was over in minutes. But the perception of instability that hangs over the U.K. after a week of political drama may be harder to dispel. Prime Minister Theresa May was successful in her first two months in office in restoring calm following the chaotic aftermath of the June Brexit referendum. By refusing to be rushed into quick decisions on Britain’s future relationship with the European Union, she raised hopes of a relatively smooth Brexit, which was reflected in the swift recovery in...

Source: Wall Street Journal October 09, 2016 21:22 UTC