Can't you read? As has been said over and over again, a low pound benefits the international companies that make up the majority of the FTSE. HSBC, for example, up 30% since the referendum has around 70% of Business in Asia and the Far East. RBS and Lloyds have gone in the other direction.
Not a bad idea.
Any ideas where?
JPMorgan have a few funds concentrating on specific countries or areas. My Indian one has gone up well but over 10% of that was from the drop in sterling. Despite that and the global economic future not looking roses I may stick more on that and some on JPM...
Read the early replies again to understand why a planned Brexit has helped the FTSE. See if you can spot the keywords: devaluation of sterling, lower interest rates, quantitative easing, multinational companies........
Agree its high because of sterling. The FTSE 250 has also recovered ground on the month and was up 3.27% today. This not so reliant upon the $ as the FTSE100. Further upside comes from Carney signalling that Interest Rates will now not rise but go lower because of Brexit uncertainty and an...