During the week, the value of sterling has fallen below $1.30 for the first time in months. Usually, as the pound's exchange rate weakens, exporting companies, which dominate the FTSE 100 index, see a rise in their share values. However, the FTSE too is drifting down.
This could be merely a seasonal situation. There was an old stock exchange saying: "Sell in May and go away". The big traders could be taking their profits and leaving for an early start to the summer vacation, which, as I understand it, takes in the Epsom Derby meeting, Wimbledon fortnight and the Henley Royal Regatta. Perhaps the climaxes to the rugby and soccer seasons have now been added to the list.
Alternatively, news has leaked out of a deal between the government and the Labour leadership to take us out of the EU on disadvantageous terms. I hope this is not the case.
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