Trick or Treat?
POLITICS IS A business built on
metaphors; remember ‘having
our cake and eating it’? What
about a game of cards – The EU
lays down a royal fl ush. ‘The UK
looks at its own cards: Mr Bun
the Baker, Pikachu, Harry Kane,
a fi reball spell and the Fool’.
And so we move on to
Halloween, the latest in a
seemingly never ending series
of supposed deadlines when
we take our own slice out of the
chocolate orange. Or do we?
But enough of all that, what’s
happening in the markets?
Well, FTSE is still rising and the
pound has recovered a few
centimes against the dollar and
is steady(-ish) versus the Euro.
All the shares we track except
Gamma are still heading south
– although TalkTalk rose some
4% in the last few weeks.
As I write, the price of oil
is rising on account of drone
attacks on Saudi oil fi elds
taking out 5% of the worlds oil
production in a single stroke -
not good news for a Northern
hemisphere heading in the
direction of winter.
Good news is in fact a bit of
a rare commodity today but
fear ye not; Boris is meeting
with Junker and Barnier for
lunch where a landing fi eld is
apparently coming in to view
for the deal he is fl ying. There is
however a bit of a nasty ditch at
the end of the runway in case it
all goes pear shaped.
And fi nally, the best tech
based Brexit joke seen to date:
Q: With Britain leaving the EU
how much space was created?
A: Exactly 1GB
Pre & Post EU Referendum Vote
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Indicator 23 Jun 16 Sep 19 Change Change %
FTSE 100 6,338 7356.00 1018.00 16.06%
FTSE 250 17,333 20050.00 2717.00 15.68%
BT 439.70 171.24 268.46 -61.06%
Vodafone 217.90 159.72 58.18 -26.70%
TalkTalk 226.60 109.46 117.14 -51.69%
Gamma 440.50 1179.00 738.50 167.65%
£/$ 1.487 1.245 0.242 -16.27%
£/€ 1.307 1.127 0.180 -13.77%