The pound has enjoyed its strongest week against the dollar in seven years, but stock markets suffered a sharp fall amid growing concerns over a possible Donald Trump presidency.
FTSE and sterling are inversely linked at present. 75% of FTSE 100 revenue is not in sterling. Thus the value of those profits rises as sterling falls, falls as sterling rises.
Sure, there’re millions of other things which affect all prices, of course, but these past couple of months at least there’s been a pretty direct linkage between these two.
As I keep saying and almost no one else seems to be.