Quote:
Originally Posted by Damien
But a good part of it is. FTSE companies largely earn cash from abroad and therefore the weaker pound strengthens it's value relative to the GBP denominated FTSE. http://www.cityam.com/260961/why-fts...ned-two-charts
If you were to measure their value in USD then it's still risen but not as dramatically. |
Iirc the FTSE 250 is a better barometer of what's going on