Not but, becauseSeptember 8, 2020 Tim WorstallFinance9 CommentsBrexit fears hit pound but lift FTSE previousAye upnextWhat excellent logic 9 thoughts on “Not but, because” Chernyy_Drakon September 8, 2020 at 8:12 am Brexit fears hit pound because lift FTSE Huh? 😛 Andrew M September 8, 2020 at 9:07 am “Brexit fears” – fear that it won’t happen? firefoxx September 8, 2020 at 9:14 am Tim can correct me, but I think the general idea is that if the pound is weaker against the Euro/dollar then the FTSE goes up naturally, since the same UK stuff is better value to buy from outside. It’s a market artefact, and not something to be worried about. Tim the Coder September 8, 2020 at 9:20 am Much of the FTSE100 is business done outside the UK. Thus if pound sags, the unchanged value of that overseas business in £ terms increases. MC September 8, 2020 at 9:58 am The point of the story is to generate fear about Brexit because, whatever the Telegraph or its senior columnists’ line on the matter, the hacks are Remoaners and still bitter. Jussi September 8, 2020 at 3:42 pm Ftse100 had formed a support at 6000, that was violated, now that same level seems hard to break. I think soon it’s going to take another dump (and I don’t blame it). Oh dear. I’d rather work at the till at Tescos than as a night-time shelf-stacker but those positions are brutally cornered by the over 65’s. Pcar September 8, 2020 at 7:12 pm @Chernyy Firefoxx & TTC correct. Same happens when QE tap turned On John September 8, 2020 at 7:23 pm Should be therefore not because Diogenes September 8, 2020 at 7:56 pm Jussi +1 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.