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FTSE 100 down 5 per cent over the year in dollar terms |
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#26 |
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Join Date: May 2008
Location: Lancashire
Posts: 8,259
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Just a question, why are you who lives in California concerned about the FTSE, or for that matter whether Britain leaves or remains in the EU??
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#27 |
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Join Date: Mar 2016
Posts: 980
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Quote:
The US dollar is a reserve currency,
Sterling I'm afraid is not . Sterling is so volatile and subject to political whims now that it is traded like an emerging market currency. Think pesos. no one rebases anything against Sterling apart from you and maybe someone at the Daily Express. Wrong again https://en.wikipedia.org/wiki/Reserv...Pound_sterling |
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#28 |
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Join Date: Jul 2012
Posts: 17,637
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Quote:
You are free to present economic facts of your own up for debate, as opposed to that kind of perfunctory post.
do you accept that FTSE 100 is showing a loss yoy in dollar terms, or indeed in euro terms? yes or no will do. (and the less said about FTSE 250 the better for you Brexiters eh) Even the grudging Guardian says: The more domestically focused FTSE 250 also rose during the year, but by a much less impressive 3.71%. Despite fears that the Brexit vote would have serious repercussions, the FTSE 100 was the best-performing European market, as continuing worries about the eurozone, banking problems in Italy and the prospect of elections in Germany and France next year limited gains. |
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#29 |
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Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
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Quote:
show me any company outside the UK that chooses Sterling as an accounting currency ??even the UK bank I used to work for had USD as its accounting currency ! as the article says the only reason for some central banks (no one else) to hold Sterling is because 1) the UK is in the EU and 2) it delivers a higher rate than the euro. |
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#30 |
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Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
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I'm not interested in you comparing "apples with pears" in this campaign to pile up non-existent 'Brexit misery'.
Even the grudging Guardian says: The more domestically focused FTSE 250 also rose during the year, but by a much less impressive 3.71%. Despite fears that the Brexit vote would have serious repercussions, the FTSE 100 was the best-performing European market, as continuing worries about the eurozone, banking problems in Italy and the prospect of elections in Germany and France next year limited gains. who do you think we are ? Harold 'pound in your pocket' Wilson ? why are you so reluctant to submit to international comparisons ? |
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#31 |
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Join Date: Jul 2012
Posts: 17,637
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The point is that both of these rises are as illusory as those of the Venezuelan stock market !
who do you think we are ? Harold 'pound in your pocket' Wilson ? why are you so reluctant to submit to international comparisons ? |
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#32 |
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Forum Member
Join Date: Mar 2016
Posts: 980
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Quote:
show me any company outside the UK that chooses Sterling as an accounting currency ??
even the UK bank I used to work for had USD as its accounting currency ! as the article says the only reason for some central banks (no one else) to hold Sterling is because 1) the UK is in the EU and 2) it delivers a higher rate than the euro. |
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#33 |
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Join Date: May 2005
Posts: 59,687
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Quote:
The point is that both of these rises are as illusory as those of the Venezuelan stock market !
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#34 |
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Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
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They aren't illusory at all. I've just cashed in some good gains from fund rises in 2016 which will help pay for a new car.
but we all know devaluation has always been much more politically acceptable a means of preventing capital flight than government -decreed capital controls. |
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#35 |
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Join Date: Dec 2013
Posts: 3,036
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The main thing is that the £ is now at a really good level to make our exports more competitive.
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#36 |
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Join Date: Jun 2009
Location: Los Angeles CA
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The main thing is that the £ is now at a really good level to make our exports more competitive.
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#37 |
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Join Date: May 2005
Posts: 59,687
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Quote:
The main thing is that the £ is now at a really good level to make our exports more competitive.
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