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End of year prediction for FTSE 100?

There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

Comments

  • Agreed sub 7,000 certainly, not sure as low as 6700 but possible.
  • There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

    Weakening currency = stronger equities (usually) - well FTSE100 anyway which is packed with non-sterling earning organisations. And vice versa.

    The pound has strengthened because FOREX dealers are speculating on when and how much interest rates rise - the fundamentals haven't changed.

    Around 7,000
  • nothing to do with Brexit or the pound, but a direct correlation to how CAFC are doing - no coincidence that this week's falls happened after our defeat on tues nights.

    If we are top 6 on Dec 31st then FTSE will be above 7300, if we are out of the play-off zone then 6800 is more realistic.
  • nothing to do with Brexit or the pound, but a direct correlation to how CAFC are doing - no coincidence that this week's falls happened after our defeat on tues nights.

    If we are top 6 on Dec 31st then FTSE will be above 7300, if we are out of the play-off zone then 6800 is more realistic.

    Quick, sell now!
  • Guaranteed this will just turn into yet another CL political thread.
  • bobmunro said:

    There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

    Weakening currency = stronger equities (usually) - well FTSE100 anyway which is packed with non-sterling earning organisations. And vice versa.

    The pound has strengthened because FOREX dealers are speculating on when and how much interest rates rise - the fundamentals haven't changed.

    Around 7,000
    tend to agree

    although we are living in a very unpredictable world

  • There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

    I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.
  • There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

    I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.
    Sterling stronger, Euro weaker - all about exporting.
  • Thought everything was going tits up
  • bobmunro said:

    There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

    I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.
    Sterling stronger, Euro weaker - all about exporting.
    Dollar weaker, rather than euro

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Roland Out!