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Old 9 Aug 19, 07:04 PM  
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#271
Moorlandman
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Originally Posted by tspill View Post
So educate us rather than patronising.
Because more than two-thirds of the index’s earnings come from outside the UK. As the value of sterling falls, it pushes up earnings per share, which means these companies are making more money.

So even though the British economy is heading into a recession, the FTSE will be little impacted. Meanwhile the FTSE 250 which is more reliant on UK earnings is heading down
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Old 9 Aug 19, 07:11 PM  
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Originally Posted by Moorlandman View Post
Thought not. But pleased to hear you are benefiting😂
Thanks for your kind comments
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Old 9 Aug 19, 09:05 PM  
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Originally Posted by Moorlandman View Post
Because more than two-thirds of the index’s earnings come from outside the UK. As the value of sterling falls, it pushes up earnings per share, which means these companies are making more money.
n
Just to clarify - this is what pushes the share price up.
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Old 9 Aug 19, 09:07 PM  
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Originally Posted by Moorlandman View Post
I guess you don’t understand why some FTSE 100 companies are rising in value.
Ouch ! 😁
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Old 9 Aug 19, 09:08 PM  
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Originally Posted by cybermum View Post
It didn't go through the floor on the vote because the UK hadn't left at that point , secondly Mark Carney instigated procedures to prevent utter chaos.
If the UK crashes out in October (and I really really doubt it ...Boris and Hunt are saying anything to woo the party faithful) its going below parity .
In fact that will be the least of the UK's problems.
Is it weird I find Mark Carney attractive? In that George Clooney ages well way.
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Old 9 Aug 19, 09:30 PM  
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Originally Posted by Noodle500 View Post
Is it weird I find Mark Carney attractive? In that George Clooney ages well way.
I know just what you mean...
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Old 9 Aug 19, 09:37 PM  
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Almost £1 = € 1

We’re finally joining the euro!

Congrats Brexiteers.

Edited at 10:50 PM.
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Old 10 Aug 19, 08:08 AM  
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Originally Posted by miked1e View Post
Almost £1 = € 1

We’re finally joining the euro!

Congrats Brexiteers.
No we’re not in that much trouble. Well not yet
Surely we wouldn’t be that stupid.

Edited at 08:09 AM.
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Old 10 Aug 19, 09:49 AM  
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Originally Posted by Moorlandman View Post
Because more than two-thirds of the index’s earnings come from outside the UK. As the value of sterling falls, it pushes up earnings per share, which means these companies are making more money.

So even though the British economy is heading into a recession, the FTSE will be little impacted. Meanwhile the FTSE 250 which is more reliant on UK earnings is heading down
Thanks.


Surely in the last recession the FTSE 100 tanked form over 6000 to under 4000. So massive impact?

Edited at 09:53 AM.
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