FTSE at a new high

Brexit has pushed up the value of companies listed on the London stock exchange. The FTSE 100 index, a list of the 100 top companies by share value, is at a record high, and there is more to come.

Champers all round? Maybe not. The reason the FTSE is so high is that it includes a lot of multinationals which earn their revenue in foreign currencies. Every time the pound falls their revenue stated in pounds goes up. Even though it hasn't changed - or may even have gone down.

The reason that the FTSE is at a record high is that the pound is at a record low, and is most likely going to fall further, unless Mr Davis and Mrs May sort out their double act, fast.