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    Not sure how reliable the source is but to according to this graph the value hasn't been lower than it was at the time of the vote. What are the reasons for this?

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    Don't listen to this stuff! The moment the Brexit vote happened, this is what London looked like:

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    Do that graph in dollars
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    That doesnt change anything
    (Original post by thewinelake)
    Do that graph in dollars
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    Just to be clear, I don't mean just mulitply by the current exchange rate, but by the exchange in force at each data point.
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    Have a look at this: http://uk.businessinsider.com/ftse-1...ober-4-2016-10
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    (Original post by Mistletoe)
    Not sure how reliable the source is but to according to this graph the value hasn't been lower than it was at the time of the vote. What are the reasons for this?

    Ok, a lot of this is to do with the make up of the ftse 100, which is largely made up of non uk firms. So when the pound started to be devalued after brexit, it meant that profits earned abroad, i.e. Glaxosmithkline are worth more when converted into sterling again.

    The ftse 250 is a better measure as more UK based firms in it.
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    (Original post by Mistletoe)
    Not sure how reliable the source is but to according to this graph the value hasn't been lower than it was at the time of the vote. What are the reasons for this?
    Most of the FTSE100 firms earn most of their profits outside the UK. The falling pound increases their profits without them having to do any more.
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    (Original post by Mistletoe)
    Not sure how reliable the source is but to according to this graph the value hasn't been lower than it was at the time of the vote. What are the reasons for this?

    (Original post by ThatOldGuy)
    Don't listen to this stuff! The moment the Brexit vote happened, this is what London looked like:

    (Original post by zainyyyyy)
    That doesnt change anything
    Currency is down, it goes up with it due to majority of it is in dollars, it went from $1.20 to $1.25 per £1 and look how it went from 7,100 to 6,800 thats not even a the levels at pre-brexit when it was at $1.45... so to say FTSE 100 has gained is a bit rich.
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    (Original post by Mistletoe)
    Not sure how reliable the source is but to according to this graph the value hasn't been lower than it was at the time of the vote. What are the reasons for this?

    The reasons have already been mentioned but essentially a lot of FTSE 100 firms have their HQ here but make their profit abroad (commodities for the miners and oil producers have also risen) which means that with Sterling about 15% lower than it was in May, their profit has increased.

    There's also an element of 'the world goes on' with firms holding back investment but not yet running around panicking.
 
 
 
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