MINOR INVESTOR: If the pound keeps falling the FTSE 100 could hit 7,700, says Richard Buxton - crazy as that may sound



A curious thing happened to the UK stock market this week - the FTSE 100 almost beat its record closing high.
Beating a previous high is not an unusual phenomenon for a stock market index. However, for those of us who spent 15 long years waiting for the Footsie to regain its 1999 peak, a tilt at a new record just a year-and-a-half after the last one felt odd indeed.
In the end, Tuesday’s excitement (exciting for us finance geeks at least) fizzled out. The FTSE 100 took a shot at its 27 April 2015 record close of 7,103.9 and then slunk back to close at 7,074.3.
Nonetheless, a new record... read more

 
6 October 2016 in Business, Views: 37
Source: Daily Mail
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