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9 Jul 19, 11:56 AM |
#21
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Guest
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I don't think it is true that most companies in the FTSE 100 report earnings in £, certainly the ones HQ in the UK will report in £. I have just looked at the first ten companies (alphabetically) in the FTSE 100 and 3 reported in $ and 7 reported in £.
Also, the reporting currency will not impact FTSE 100, equity analysts are smart enough to understand that multinationals can have results distorted by currency. The FTSE 100 is based on share price which will rise as sterling weakens because the stock becomes cheaper for overseas investors and then demand increases price. |
9 Jul 19, 12:10 PM |
#22
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Imagineer
Join Date: Mar 02
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I shouldn't have said report their earnings in dollars, I should have said produce. My bad. The overall point remains the same though.
schroders/en/us/insi...in-two-charts/ "Other factors may have been at play in those months, but one of the strongest drivers in the fortunes of the FTSE was the performance of the pound. This is because such a large proportion of profits for FTSE 100 companies is made in dollars. If sterling weakens then dollar revenues, once converted back into sterling, are worth more." "As the chart below shows, 71% of revenues generated by FTSE 100 companies come from outside the UK." Edited at 12:28 PM. |
9 Jul 19, 01:12 PM |
#23
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Imagineer
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Of course, the key word in that statement is "should".
Although I agree that the weak pound is potentially good news for exporters and home grown businesses, unfortunately the UK as a whole imports far more than it exports. Therefore, in general, a weak pound is bad news for the UK. As for interest rates staying low, that's good news for borrowers (like yourself) but bad news for savers (like me!). What it does mean is that it encourages people to borrow more rather than saving, which in turn drives us more into debt. Anyway, back to the dollar rate, all I know is that it's fallen around 3 cents in the last two weeks since Boris and Jezzer became the last two contenders. I wouldn't be surprised if it continued to fall slightly in the near future, but I admit that is just a guess.
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9 Jul 19, 01:17 PM |
#24
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Imagineer
Join Date: Oct 09
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The best time to buy Dollars is when you have the money and want some.
Always worked for me. Disney332
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9 Jul 19, 04:23 PM |
#25
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Imagineer
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Makes perfect sense I was a saver as well but moved most of my cash into other investments 50% is property some in Premium Bonds and the rest in funds and art. My funds have done well the property delivers an income and my pension has already made 13% this year ! There are opportunities but you have to work it and take a risk and traditional saving vehicles like "high" interest savings, or government bonds do not give a worthy return.
If I can borrow at 1.86% its nuts to pay that debt back when I hope that I can make more than that I have learnt though not to manage my own funds |
9 Jul 19, 09:21 PM |
#26
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Imagineer
Join Date: Apr 11
Location: Warwickshire
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“Sigh”
Well you better get them before a general election then and if Corbyn gets in, yiu wont ever able to go on holiday.
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28th Nov to 14th Dec 2020 Villa Formosa Gardens, flights Virgin Upper Class (perhaps) 24th Nov to 8th Dec 2018 Villa Formosa Gardens, Flights BA/Aer Lingus 20th August 2016 to 3rd September 2016, |
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9 Jul 19, 09:32 PM |
#27
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Imagineer
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Doesn't really matter at the end of the day, Boris or not... Brexit won't happen on 31st October. Reality will bite him in the ass soon...
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