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