Sigh. This is where people need to better informed

The FTSE 100 is higher because so many of the companies are international companies (eg mining companies) who make much of their revenues in foreign currency. Therefore purely in sterling terms those earnings are worth more, because pounds are worth less. For the average UK citizen who earns their wages in sterling, that doesn't compensate them for the fact that everything they buy that contains inputs from abroad now costs more.

Posted By: Tricky Hawes on October 7th 2016 at 13:47:39

Message Thread

More people should understand this. Article from a week or two back (General Chat) - Tricky Hawes, Oct 7, 13:04:28
- Look out Tricky is moaning again as politics has gone against him (n/m) (General Chat) - Boris, Oct 7, 17:59:56
- The € has fallen against the $ as well, though not quite as much (General Chat) - Higher Wrather, Oct 7, 14:23:47
  - 'not quite as much' (General Chat) - Tricky Hawes, Oct 7, 14:46:17
- Who was the historian who said, when asked about the long term effects of (General Chat) - dennis moore, Oct 7, 13:48:10
  - Not a historian - was the Chinese leader Zhou Enlai (General Chat) - Tricky Hawes, Oct 7, 13:51:33
    - oi oi, Stephen Fry in da house (n/m) (General Chat) - Old Git, Oct 7, 13:55:35
    - (Actually, for completeness - the Chinese reckon it was Kissinger who asked the question, (General Chat) - Tricky Hawes, Oct 7, 13:55:12
- Nobody really knows is the bottom line and nor will they until...... (General Chat) - Kirrie, Oct 7, 13:40:06
- Good read, thanks. Where was it from? (General Chat) - Old Git, Oct 7, 13:28:44
  - FT (n/m) (General Chat) - Tricky Hawes, Oct 7, 13:31:02
    - Oh (General Chat) - Old Git, Oct 7, 13:39:11
- it's a guess (General Chat) - paulg, Oct 7, 13:26:37
  - VMT (General Chat) - CWC, Oct 7, 13:40:23
  - The drop in sterling isn't a guess, it's actually happened (General Chat) - Old Git, Oct 7, 13:36:39
    - Fat finger!...or better still, dodgy algorithms..... (General Chat) - yellowman, Oct 7, 13:56:52
      - As has been said about 4 times, ignore the volatility last night (General Chat) - Tricky Hawes, Oct 7, 13:59:03
        
        Ok,just an observation on the fickle nature of markets/money. (n/m) (General Chat) - yellowman, Oct 7, 14:04:43
    - but the FTSE 100 is through the roof - swings and roundabouts. (n/m) (General Chat) - Kirrie, Oct 7, 13:43:04
      - unless we can pay for imported goods (including raw materials) and services using shares (General Chat) - Ralf Scrampton, Oct 7, 13:49:03
        
        well it is (General Chat) - CWC, Oct 7, 14:01:19
        
        the majority of us are not in the same boat as you (General Chat) - Ralf Scrampton, Oct 7, 14:05:18
        
        not sure what boat you think I'm in (General Chat) - CWC, Oct 7, 16:19:43
        
        You don't feel poorer because it hasn't fed through into prices in the shops yet (General Chat) - Tricky Hawes, Oct 7, 16:23:11
        
        It is if you're a shareholder (or your pension fund is) (n/m) (General Chat) - Old Git, Oct 7, 13:57:17
        
        Yep. Pension funds doing very well out of it now. (General Chat) - Yellalee, Oct 7, 13:59:02
      - Sigh. This is where people need to better informed (General Chat) - Tricky Hawes, Oct 7, 13:47:39
        
        *smug face* (General Chat) - Old Git, Oct 7, 13:53:09
  - where was the guesswork in there? (General Chat) - Tricky Hawes, Oct 7, 13:35:55
    - Didn't you get the memo? Facts are so 2015. (n/m) (General Chat) - bird table, Oct 7, 14:23:42
- Haven't read all of that, but yes. (n/m) (General Chat) - APB, Oct 7, 13:05:19

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