Quote:
Originally Posted by Ignitionnet
Ya. The FTSE 100 does most of its business outside the UK, so may benefit from Sterling's weakness.
The top 5 firms on the FTSE 100 are Royal Dutch Shell, HSBC, British American Tobacco, BP and GlaxoSmithKline. None of these are especially dependent on the UK's economy.
The FTSE 250 is a more domestic index and a better guide to the economy's state.
We seem to be over the initial shock, which is nice. The economy has realised that we're still in the EU.
The next big event will probably be when it becomes clearer how our deal with the EU will look.
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Slight increase in the 250 as well but still another + 10% gain to stabilize so it's on the right track Mr Ignitionnet
FTSE 250 Index
INDEXFTSE: MCX - Jun 29, 4:35 PM GMT+1
16,002.90 Price increase 499.84 + (3.22%)
Onwards and Upwards