Looking towards the UK, Ms Street added that the Labour party, which is currently leading in the polls in the run-up to the UK general election, has been trying to reassure investors and the City that it is a “safe pair of hands”.
The Conservative party has also been trying to convince investors of its approach.
Chancellor Jeremy Hunt told the Wall Street Journal chief executives’ council summit last month: “I think London’s stock market demise is massively overstated.”
“We do have challenges, and we’re addressing those challenges.”
One of the biggest challenges facing the LSE over the last decade has been pitching to investors and companies tempted by American exchanges.
A number of big firms, including ones based in the UK, have chosen to list in the US rather than the UK.
This has driven up the value of American stocks, which then encourages even more companies to list there.
The S&P All-Share index, which tracks the value of every listed company in the US, has soared over 85% over the last five years.
The equivalent FTSE All-Share index has increased by less than a tenth over the same time period.
However, since the start of this year, the UK index has picked up, which AJ Bell’s investment director Russ Mould said is partly due to clarity on interest rates.
They are expected to go down at some point this year, meaning British companies can borrow money for less.
Despite this, British stocks are much cheaper than American stocks relative to their earnings, and Mould suggests investors may be overvaluing US companies and undervaluing UK ones.
He noted that the main US exchanges are heavily dependent on a handful of highly-valued tech stocks, including Google, Apple, and Amazon, but did not believe this would be sustainable in the long-term.
“If everyone is sitting on one side of the boat, it’s going to tip over eventually,” he said.
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