FTSE Hits Another All Time High

The FTSE 100 has gained five percent in six months, to hit another all-time high. The UK’s leading index broke through the 7,700 barrier, showing that investor confidence remains strong. This is a long way from the 1,000 level that it held in 1984, and even though the FTSE 100 fell to 3,400 during the recent financial crisis, it has managed to enjoy a huge come-back. In the long run, it’s clear that shares are able to recover from even massive difficulties.

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shareprices.com - Tuesday, January 09, 2018

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Over the last year, Brexit has caused massive uncertainties, and investor confidence has been shaken. The UK economy is in an uncertain position at the moment, but this has weakened the pound, and that has benefited the FTSE 100, because so many of the companies in the index take their earnings in foreign currency.

It’s likely that this trend for growth will continue over the coming year. The UK’s outlook does remain uncertain; the Conservative majority is relatively narrow, Brexit is a huge step into the unknown, and this will impact the FTSE 250 which is full of UK-focused shares. The FTSE 100, however is in a good position to benefit from any further fluctuation in the value of the pound, and it is already strongly positioned, with just a four percent dividend yield. There is room for growth over the next six months, and it’s entirely possible that we will see new high after new high as we head into the summer.

 

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