Pound Drops to Lowest Since 1985 as Angst Builds Over Brexit...!!

DON'T BE FOOLED BY THE FTSE..!!

Credit: Bloomberg

Extract from Bloomberg.

[Quote]
"The pound fell 0.7 percent to $1.2747 as of 10:30 a.m. in London, and touched $1.2740, the lowest since 1985. It sank 0.4 percent to 87.62 pence per euro, after dropping to the weakest since August 2013."

http://www.bloomberg.com/news/articles/2016-10-04/pound-tumbles-to-three-decade-low-as-angst-over-brexit-persists

Credit: Bloomberg

Don't be fooled in the rise of the FTSE. The Sterling is dropping like a stone forcing the FTSE up but there is no real substance in the Earnings.

A Debt Fuelled Derivatives Rally..!!

The FTSE is on course for a "roller coaster ride"..!!

Thanks for reading please feel free to share.

Stephen