Email of the day on what's next for UK markets:
Comment of the Day

December 10 2019

Commentary by Eoin Treacy

Email of the day on what's next for UK markets:

UK markets may rise after the election if the Corbyn treat goes away. But wouldn't there be significant differences between indices and companies?

If the pound rises it hurts profits earned overseas (when converted back into GBP), so the FTSE100 index and many of its companies may do less well than domestically focused companies. The FTSE 250 could out-perform. What's your view?

Eoin Treacy's view

The Pound peaked well ahead of the Brexit referendum but it collapsed once the result was known. Ahead of the plebiscite $1.50 was an area of support, since 2016 it has represented resistance. The rate versus the Dollar at present is firming from the $1.30 area and has broken its almost two-year downtrend.

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