n the face of it, the City might have looked like it was cheering the demise of Boris Johnson.
As he was prepping his resignation speech, the FTSE 100 rallied 80 points to 7188. Miners and banks led the charge, with Anglo American up 105p to 2735p, with Standard Chartered up 22p to 600p.
Under the surface things were less cheery. And over the three years of the PM’s reign, the leading index is down about 300 points overall, commentators note.