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FTSE index ends year at record high. |
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#26 |
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Forum Member
Join Date: Jan 2016
Posts: 667
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Quote:
FTSE 100 "could hit 9000" with a soft EU-exit.
https://uk.finance.yahoo.com/news/ft...094600601.html |
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#27 |
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Forum Member
Join Date: Jan 2010
Posts: 9,204
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Quote:
I doubt it too, especially if the Hard Leavers get the upper hand.
I'm planning on moving my portfolio into a more defensive mode. Of course before the referendum we were promised a stock market crash, with those nasty old Brexiters' pensions being in tatters as a result. |
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#28 |
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Forum Member
Join Date: May 2005
Posts: 59,670
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Quote:
According to some of the vocal remainers on here hard Brexit would cause another fall in the pound (even the mention of it does apparently). According to the same remainers the reason the FTSE is doing so well is because of the weak pound. So surely hard Brexit should help the FTSE even more?
And of course there is more to the state of the domestic economy than the level of the FTSE (especially the 100). Another significant fall in the pound would affect the costs of imports, especially oil/gas, drive up inflation and make UK companies cheaper to takeover. We can't "take back control" with a weak currency. |
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#29 |
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Forum Member
Join Date: Apr 2004
Posts: 5,887
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Quote:
I doubt it too, especially if the Hard Leavers get the upper hand.
I'm planning on moving my portfolio into a more defensive mode. Personally, I'm going to sell all my investments in a few months and wait until the geo-political and geo-economic environment settles down. But as I say, if you have the stomach for it, there's money to be made this year imo. |
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