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So all the messages for the past 24 hours have been negative 16:10 - Dec 10 with 818 viewsbluelagos

with regards to getting a Brexit deal, and today the FTSE is up just shy of 1%.

What on earth is the thinking in the City? Surely no deal would be bad for UK business?

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So all the messages for the past 24 hours have been negative on 16:12 - Dec 10 with 792 viewsfooters

The FTSE's top-weighted constituents don't do most of their business in the UK or with the EU. They're mainly mining firms and drilling firms, like Shell A and Shell B. So Brexit itself needn't have that much bearing on the FTSE overall, especially as iron ore and other metal prices have been shooting up recently.

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So all the messages for the past 24 hours have been negative on 16:13 - Dec 10 with 788 viewsgiant_ullaa

I'll take a guess: Don't most companies in the ftse get their money from abroad? So a crap pound helps them.

Has anyone ever looked at their own postings for last day or so? Oh my... so sorry.
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So all the messages for the past 24 hours have been negative on 16:13 - Dec 10 with 784 viewswkj

No Deal Brexit is good, that is why

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So all the messages for the past 24 hours have been negative on 16:15 - Dec 10 with 760 viewsSpruceMoose

So all the messages for the past 24 hours have been negative on 16:13 - Dec 10 by wkj

No Deal Brexit is good, that is why


If the pound could tank before Christmas I'd appreciate it, as it would mean my nephews and nieces would get £20.21 each rather than £20.

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So all the messages for the past 24 hours have been negative on 16:15 - Dec 10 with 755 viewsPinewoodblue

So all the messages for the past 24 hours have been negative on 16:12 - Dec 10 by footers

The FTSE's top-weighted constituents don't do most of their business in the UK or with the EU. They're mainly mining firms and drilling firms, like Shell A and Shell B. So Brexit itself needn't have that much bearing on the FTSE overall, especially as iron ore and other metal prices have been shooting up recently.


Companies that trade in $s so rise in value if the £ falls as a lower £ is good for profit.

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So all the messages for the past 24 hours have been negative on 16:16 - Dec 10 with 748 viewswkj

So all the messages for the past 24 hours have been negative on 16:15 - Dec 10 by SpruceMoose

If the pound could tank before Christmas I'd appreciate it, as it would mean my nephews and nieces would get £20.21 each rather than £20.


Means I get to charge more for my renters

Crybaby
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So all the messages for the past 24 hours have been negative on 16:18 - Dec 10 with 735 viewsclive_baker

Large proportion of FTSE100 firms report in EUR, so to that degree it’s a derivative of FX. Hence FTSE rallying post Brexit referendum as £ devalued against EUR.

FTSE 250 and GBP falls today are probably more reflective of a no deal. We’re not far off 1:1 £ to EUR.

Summer hols and imports are going to be expensive unless that recovers ladies and gents. FWIW I think it will. I’ve just opened a long position on GBP vs EUR
[Post edited 10 Dec 2020 16:22]

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So all the messages for the past 24 hours have been negative on 16:20 - Dec 10 with 718 viewsfooters

So all the messages for the past 24 hours have been negative on 16:18 - Dec 10 by clive_baker

Large proportion of FTSE100 firms report in EUR, so to that degree it’s a derivative of FX. Hence FTSE rallying post Brexit referendum as £ devalued against EUR.

FTSE 250 and GBP falls today are probably more reflective of a no deal. We’re not far off 1:1 £ to EUR.

Summer hols and imports are going to be expensive unless that recovers ladies and gents. FWIW I think it will. I’ve just opened a long position on GBP vs EUR
[Post edited 10 Dec 2020 16:22]


Which was also helped along nicely by Lagarde this afternoon in relation to EUR.

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So all the messages for the past 24 hours have been negative on 16:23 - Dec 10 with 694 viewsSpruceMoose

So all the messages for the past 24 hours have been negative on 16:16 - Dec 10 by wkj

Means I get to charge more for my renters


Great time to be in the carpet cleaning business.

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So all the messages for the past 24 hours have been negative on 16:36 - Dec 10 with 661 viewstractorboyjames

Counter-intuitive isn't it. But FTSE 100 firms earn much of their Income in USD, boosting their earnings on the back of a weak Sterling. See also index movement after the referendum result
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So all the messages for the past 24 hours have been negative on 20:10 - Dec 10 with 496 viewsBlueBadger

So all the messages for the past 24 hours have been negative on 16:15 - Dec 10 by Pinewoodblue

Companies that trade in $s so rise in value if the £ falls as a lower £ is good for profit.


I hesitate to use the word 'parasites' but...

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