As the Brexit-hit pound continues to get a hammering, the FTSE is still going strong despite an otherwise lackluster day in the stock markets. The GBP/USD broke below the 1.29 handle to reach its lowest level since last August, while the EUR/GBP hit a fresh high for the year at 0.90 and the GBP/JPY dropped below the May low of 143.20, as investors fretted over the prospects of a no-deal Brexit. The weakness of the pound may be the reason why the FTSE is trading higher.
From:: Resource Investor