Wasily struggling to follow how the dollar weakening leads to FTSE rising.
$1m profit with dollar at 1.10 to the pound = £909,090 sterling profit
$1m profit with dollar at 1.30 to the pound = £769,230 sterling profit
The strengthening of sterling is reducing the sterling value of american holdings or £ value of shares for comoanies that trade in other currencies.
Looks set to continue with inflation here and further interest rate rises.
Of course when interest rates come back down and if sterling weakens then there will be increases in £ value.
Overall my investments have made 0.02% since april in a balanced portfolio. I suspect a lot of that is stronger sterlng wiping out gains in US holdings
