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EliRivers
on Sept 29, 2022
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Ask HN: What Is Happening in the UK?
The FTSE100 does well when the pound drops against the dollar, as about 70% of revenues generated by FTSE100 companies comes from outside the UK. When the pound drops, their revenues (measured in pounds, at least) go up.
The FTSE250 is down 7% over 5 days.
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The FTSE250 is down 7% over 5 days.