Whilst the headline in the FT.com states the FTSE 100 closes at record high as Sterling weakens (close 8023.9, eclipsing the previous closing high of 8014.3 it hit in February last year), The main large cap UK listed equity index has still failed to match the YTD performance of the S&P 500, but on a longer 3 and 5 years performance has been very poor. It will take a lot more than the weakening of Sterling to match the S&P 500 or longer term performance of the Nasdaq 100 over the long term.




YTD chart for GBP/USD.


20 year chart for GBP/USD.



 

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