FTSE 100 smashes 7,000 mark as pound plunges

FTSE 100 smashes 7,000 mark as pound plunges
 

The FTSE 100 leapt more than one per cent on Tuesday morning, to sit at around 7,057 - highs not seen since in around 16 months.
The rally has been driven by a fall in the pound, which is sitting at 31-year lows of 1.145 against the dollar, and 1.277 - its lowest level in three years against - the euro, boosting the earning potential of UK-listed firms with overseas earnings.
Sterling's fall also makes stocks cheaper for overseas investors to buy stocks.
The pound has fallen following Theresa May's revelation that article 50 would be triggered by the end of March next year, and Britain... read more

 
4 October 2016 in Business, Views: 29
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