The Foot to 100: A Supporting Factor for the Index

The pound fell off yesterday trading now beneath 130 against the dollar, which I think is quite an interesting thing to note. There is this inverse relationship between the foot to 100 and the overseas earners within the index and the pound. So that could well be a supporting factor for the index going forward. But of course, if the pound does, or if the pounder does start to strengthen against thedollar, that could have an inverse reaction too.

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