In other news the FTSE100 has crashed
to a level not seen since... oh. Two weeks ago.
It's just bog-standard market volatility. As you were.
(
evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 13:14,
Reply)
And that volatility is in no way connected?
Bog standard my arse.
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wheresthefish Partly filled with wrong, Mon 27 Jun 2016, 13:21,
Reply)
Did I say it was unconnected?
There's been a drop, but it's smaller than the drop in the gap in the six months from the start of December. Everything needs to be viewed in context.
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evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 14:15,
Reply)
So, a six month drop
that coincides with the referendum announcement, followed by the equivalent 6 months of the same downward trend in a day.
Nothing to see here.
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gaijintendo Regular Member, Mon 27 Jun 2016, 18:19,
Reply)
I didn't post a link to the FTSE100 for this reason.
The biggest gains on the FTSE100 on friday occured in precious metal extraction companies that have little/no presence in the UK and probably report their accounts in dollars. The FTSE100 is not a reliable economic indicator, the value of the pound is, it directly affects the UK economy.
(, Mon 27 Jun 2016, 13:40, Reply)