UK investors trust Obama over Romney to heal US economy

Ben Southwood
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UK investors are firmly behind Barack Obama in his campaign to be re-elected president, data from Lloyds TSB revealed yesterday, with little more than a tenth backing Republican challenger Mitt Romney.

Forty-two per cent of UK investors surveyed said they had more confidence in the President than former governor Romney, the data showed, versus just 13 per cent who said the opposite.

And 56 per cent said Obama was the man to lead the US economy into recovery, versus just a tenth of respondents who favoured Romney. Global investors agreed largely with those in the UK, but investors in the US were much more evenly split between the two candidates.

“Investors don’t like uncertainty and many currently seem to be favouring Obama on the economy,” said Ashish Misra, head of investments at Lloyds TSB Private Banking.