Day export boom sent shares soaring: Falling pound lifts blue-chip earnings as FTSE 250 hits record 



A SLUMP in the pound drove the London stock market towards a new record high last night as shares in companies with overseas earnings rallied.
Sterling hit a 31-year low against the dollar of $1.2721 and a five year low against the single currency of €1.1364 – taking its losses since the Brexit vote to more than 14 per cent and 13 per cent respectively.
But a report suggested that the slump in the pound has boosted British exports by making goods in UK factories cheaper for foreign buyers. 
It has also put a rocket under the share price of some of the biggest companies listed on the stock... read more

 
4 October 2016 in Business, Views: 33
Source: Daily Mail
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31