The fact that the FTSE 100 is up 7% this year is slightly misleading given the currency adjustment, says Richard Hunter, Head of Research at Wilson King Investments, as he joins the Tip TV Live London Finance Show to speak markets with Zak Mir, Technical Analyst at Zak’s Traders Cafe, and Nick Batsford, CEO at Tip TV.
Key Quotes
US stocks: Solid performance over the last couple of weeks. Brexit is being blamed by corporates in the US for weak performance.
Weak UK preliminary manufacturing data – reaction in the markets: Slide in pound and rally in FTSE 100. Market thinks BOE will cut rates, though the question is whether it will cure the disease.
The fact that FTSE 100 is up 7% this year is slightly misleading given the currency adjustment (slide in pound).