FTSE Outlook

masonic

Mr.Saver wrote: »

The math is wrong, a 20% drop and then 14% gain is not 6% drop, it's a 8.8% drop. This is because 80% * 114% = 91.2%, not 94%.

In numbers, if you start from £100, a 20% drop would make it £80, but then a 14% gain on the £80 would only make it £91.2, not £94.

Yes, of course you are correct, but the figures were just approximations. The 20% drop is not really a 20% drop - it's more like 19%, and the net effect could be anywhere from 5-7% depending on how you squint at the chart.

But while we are being pedantic, this is a UK forum, so it's maths, not math.

System

Alexland wrote: »

No idea but it doesn't feel like this country has become fundamentally better over the period either.

There's over half a million more in employment, we have record numbers of people in work. Maybe if you stopped reading and watching the news where they get eyeball views by peddling a seemingly never ending stream of doom and gloom which is in fact the same 30 minutes repeated throughout the day you may realise things aren't actually that bad.

As for the GBP recovering most of the losses since the Referendum I'd hope not because at the time the IMF reported Sterling was over-valued by 5%-20% and following the 16% drop UK manufacturing did exceptionally well as goods became more affordable to the rest of the world.

Alexland

Tarambor wrote: »

There's over half a million more in employment, we have record numbers of people in work.

We have a growing and ageing population where people are expected to work longer. Also many of the jobs being created are less secure and lucrative than before. The mix is changing and it's unclear if any conclusions can be drawn from that statistic.

Alex

Zero_Sum

Tarambor wrote: »

There's over half a million more in employment, we have record numbers of people in work. Maybe if you stopped reading and watching the news where they get eyeball views by peddling a seemingly never ending stream of doom and gloom which is in fact the same 30 minutes repeated throughout the day you may realise things aren't actually that bad.

As for the GBP recovering most of the losses since the Referendum I'd hope not because at the time the IMF reported Sterling was over-valued by 5%-20% and following the 16% drop UK manufacturing did exceptionally well as goods became more affordable to the rest of the world.

Have you seen what the definition of being in employment is?
I'll be taking those stats with a pinch of salt.

Mr.Saver

masonic wrote: »

But while we are being pedantic, this is a UK forum, so it's maths, not math.

point taken :beer:

dividendhero

Tarambor wrote: »

As for the GBP recovering most of the losses since the Referendum I'd hope not because at the time the IMF reported Sterling was over-valued by 5%-20% and following the 16% drop UK manufacturing did exceptionally well as goods became more affordable to the rest of the world.

UK trade deficit has widened since June 2016, it'll get even worse when UK industry inevitably moves to European mainland - When you have the ludicrous spectacle Mark Francois Tory MP theatrically tearing up a letter from Airbus it speaks volumes where things are heading

Thrugelmir

dividendhero wrote: »

UK trade deficit has widened since June 2016,

The trade deficit in 2017 was -1.3% of GDP. The lowest since 2011.

dividendhero

IanManc wrote: »

Perhaps he thinks that Airbus was put up to it?

https://www.express.co.uk/news/politics/1077609/Brexit-news-no-deal-airbus-philip-hammond-amber-rudd

https://youtu.be/PASCzchXG2w

Whatever the background - this kind of thing doesn't look good when the UK is desperate for inward investment...Like many MP's he's more concerned with his ego than the country

Matthew2018

westv wrote: »

Today's close 6809 is the same number as it closed 25/2/14. Where has the time gone?!

Also below what it was 19 years ago just before the millenium.