I'm not too sure about the ftse, I don't watch it, but it does seem to be down (not just looking at the ftse 100, which are mostly large multi-nationals anyway).
But Sterling has taken a kicking, we were depressed by 10 cents or more all this year due to brexit fears and it was expected to be around 1.55 once it was all over. Now we are 1.36.
Currently the average uk worker is £300 a month worse off, in terms of purchasing power.
All I see on radio and tv news is people telling us the pound is fine, at the same level is was in February and recovering. That is deeply misleading, it slipped to 1.38 briefly in February, for just 1 or 2 days. Again due to brexit polling shocks.
I'm not hopeful but maybe it will recover to 1.45 in a few weeks, but I doubt it will get back over 1.50 for a long time. You can disagree and say you think it will recover faster but I'm fed up everyone saying the pound has already recovered in the space of a day and everything is hunky dory.
The funniest thing is, the same people that proclaim all is fine with the pound are the same people that start whining about a £5 increase on their >£300 GPU and accusing OCUK of greed and opportunism. Ahh, self-delusion is a wonderful thing!