After the collective downturn following the Brexit vote in June (a dramatic 30%), RBS, Lloyds and Barclays share prices have remained well below their pre-referendum rates.
Had they invested in August 2006, investors in Gold have would have received a return of over 100%, whereas investors in UK equities (as measured by the FTSE 100) would have received less than their initial investment.
While we’ve been away over the Christmas break, global stock markets suffered another shock, which once again originated in China.
Since our chart on Chinese exchange rates last week, the global economic press has shifted focus from the currency to the stock markets.
The FTSE is 30 years old this year, so we’ve decided to take a look at its inflation adjusted performance over that time.