US Dollar and the FTSE-100

FTSE-100 Close to New High

At the time of writing the FTSE-100 is hitting a new high and Sterling is hitting a new low Vs the Dollar – reading an article on BBC news this led me to consider whether there was a link between the two. It turns out there could be as this chart from the article shows, a week pound against the dollar has coincided with some interesting dates:-

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So I thought I would plot the two on one graph and see what I would get……

ftse-and-usd

It would appear that current levels for GBP/USD have usually been associated with very low levels for the FTSE-100; is this another broken indicator or should we expect a hard landing for the FTSE-100?

 

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