It is a UK listing in £'s sterling so reference to it in terms of how it is trading to the $ or other currency is irrelevant imo. Or am I missing your point?jimibt wrote:yes, the power of using data without balance (i.e. neglecting to factor in the weakmess (intentional typo) of the ££). it's scary that many will be suckered into thinking that last weeks' events were a flash in the pan and worse, many will continue to use false indicators to monitor the fallout.marksmeets302 wrote:That's the ftse in pounds... convert it to any other currency and it's still down by a lot.
I don't recall ever hearing people reference any index in terms of another currency. Likewise when the £ was doing well against the $ recently I don't recall people saying the gains are x much great in the FTSE than they actually are.
You will always be able to find a currency that is doing better/worse to the native currency of a listing and make it fit the argument you want to make as to if the index is doing well or badly.