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For sure a lower pound will help exports but the dollar rate is particularly dangerous for the oil price. At the moment, oil is also down in (dollar) price so the effects are not hitting but you suspect that everyone is holding their breath for the American election. The fall against the euro (nearly 10%) is puzzling if the euro is a terminally damaged currency.
As for the FTSE, most credible economists use the 250 rather than the 100 because the 250 is more about British companies rather than multi and international groups. While the 100 is up the 250 is down by over 7% so is absolutely a cause for concern.
Carney is quoted as saying that the prophesies of the Remainers are pretty much on track. These days markets are computer driven and notoriously fickle and I'm prepared to sit on my hands for the moment because of the elections in the US this year and Europe next year but any investor would be looking at the 'under the mattress' option at the moment.

<blockquote data-quote="archie" data-source="post: 2543537" data-attributes="member: 64935">For sure a lower pound will help exports but the dollar rate is particularly dangerous for the oil price. At the moment, oil is also down in (dollar) price so the effects are not hitting but you suspect that everyone is holding their breath for the American election. The fall against the euro (nearly 10%) is puzzling if the euro is a terminally damaged currency.As for the FTSE, most credible economists use the 250 rather than the 100 because the 250 is more about British companies rather than multi and international groups. While the 100 is up the 250 is down by over 7% so is absolutely a cause for concern.Carney is quoted as saying that the prophesies of the Remainers are pretty much on track. These days markets are computer driven and notoriously fickle and I&#039;m prepared to sit on my hands for the moment because of the elections in the US this year and Europe next year but any investor would be looking at the &#039;under the mattress&#039; option at the moment.</blockquote>

[QUOTE="archie, post: 2543537, member: 64935"] For sure a lower pound will help exports but the dollar rate is particularly dangerous for the oil price. At the moment, oil is also down in (dollar) price so the effects are not hitting but you suspect that everyone is holding their breath for the American election. The fall against the euro (nearly 10%) is puzzling if the euro is a terminally damaged currency. As for the FTSE, most credible economists use the 250 rather than the 100 because the 250 is more about British companies rather than multi and international groups. While the 100 is up the 250 is down by over 7% so is absolutely a cause for concern. Carney is quoted as saying that the prophesies of the Remainers are pretty much on track. These days markets are computer driven and notoriously fickle and I'm prepared to sit on my hands for the moment because of the elections in the US this year and Europe next year but any investor would be looking at the 'under the mattress' option at the moment. [/QUOTE]

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