Hi all,
Has anyone noticed how recently the FTSE has been rising but so to has the GBP, now usually these to are correlated so when the GBP loses value, the FTSE rises, an example being after the Brexit vote when the GBP fell but the FTSE rose due to most of the companies listed on the FTSE making most of their profits in foreign currencies which meant a weakened pound meant profits increased for those companies.
In recent weeks with talk now moving on with the EU over Brexit, the GBP has strengthened but the FTSE has also been rising.
Could we be seeing the start of a Bull run on equities - a new bubble?
Has anyone noticed how recently the FTSE has been rising but so to has the GBP, now usually these to are correlated so when the GBP loses value, the FTSE rises, an example being after the Brexit vote when the GBP fell but the FTSE rose due to most of the companies listed on the FTSE making most of their profits in foreign currencies which meant a weakened pound meant profits increased for those companies.
In recent weeks with talk now moving on with the EU over Brexit, the GBP has strengthened but the FTSE has also been rising.
Could we be seeing the start of a Bull run on equities - a new bubble?
