NOW
WHAT?
'SACKINGS WILL CONTINUE until morale
improves’. I was reminded recently of
this typically stoic British saying I fi rst
heard during the early 1990s recession
when the TV told me on a Monday
morning that yet again this would be
a pivotal week in the life and times of
Brexit.
As I write, Theresa May’s deal
has been dead in the water for less
than 24 hours and in a short while
her government faces a vote of no
confi dence which if lost will lead to a
fresh election. I now understand Brenda
from Bristol far better than I ever did a
year ago.
The City seemed to have developed a
sang froid attitude to Brexit as Sterling
rose against the dollar on news of
EU withdrawal deal defeat – received
wisdom apparently being that any
possible delay to Brexit is good news.
Meanwhile, what is happening with
our tracked share prices? Well, FTSE
have both risen on the month but each
is below their 12 month highs, Gamma
dropped 75 points and Sterling is
marginally better than in December
against the Dollar and the Euro
If I wrote this tomorrow morning it
could be different.
Or maybe not…
Pre & Post EU Referendum Vote
KEY CHANNEL INDICATORS
www.commsbusiness.co.uk
COMMS NEWS
Indicator 23 Jun 16 Jan 18 Change Change %
FTSE 100 6,338 6870.73 532.73 8.41%
FTSE 250 17,333 18477.00 1144.00 6.60%
BT 439.70 228.40 211.30 -48.06%
Vodafone 217.90 147.78 70.12 -32.18%
TalkTalk 226.60 114.04 112.56 -49.67%
Gamma 440.50 785.92 345.42 78.42%
£/$ 1.487 1.286 0.201 -13.52%
£/€ 1.307 1.129 0.178 -13.62%
CITY TALK
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KCOM_Fastest4_2019_CommsBusi_stripads_Feb_Mar.indd 1 18/01/2019 09:38:04
BY IAN
HUNTER
/www.commsbusiness.co.uk
/www.fastest4.co.uk
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