Brexit
Approaches
BY IAN HUNTER
WITH THE GOVERNMENT
withdrawal bill having passed
in the House of Commons as
I write this there are now just
18 days to go before the UK
leaves the EU on 31 January. It’s
amazing what a government
majority can do to a process
that has hitherto crawled along.
All shares in our limited
portfolio have risen since the
election as has Sterling against
both the US Dollar and the Euro.
The next eleven months
will be interesting; how will
government negotiations with
the EU on a trade agreement
affect shares and exchange
rates as speculations rise
and fall on the possibilities
of concluding an agreement
before a Boris Johnson imposed
deadline of 31 December starts
to approach?
If there is one thing we have
learnt for certain since the
referendum it is that there will
brinkmanship and posturing a
plenty throughout the coming
year.
Pre & Post EU Referendum Vote
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CITY TALK
Indicator 23 Jun 16 13Jan20
Change Change %
FTSE 100 6,338 7599.00 1261.00 19.90%
FTSE 250 17,333 21686.00 4353.00 25.11%
BT 439.70 189.66 250.04 56.87%
Vodafone 217.90 151.04 66.86 30.68%
TalkTalk 226.60 118.00 108.60 47.93%
Gamma 440.50 1305.00 864.50 196.25%
£/$ 1.487 1.30 0.19 12.64%
£/€ 1.307 1.17 0.14 10.79%
/www.commsbusiness.co.uk
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