the pound is that a 30-year low meaning
the decision to leave the EU was a
disaster the footsie 100 is close to an
all-time high showing that Britain is
better off out whichever of those two
statements you believe they are linked
many footsie 100 constituents sell their
wares in dollars and every dollar of
revenue is worth 11 pence more today
than it was on the day of the vote this
will boost dividends to six out of the
top 10 dividend payers in the UK declare
in dollars how much UK shareholders
receive depends of course on the
exchange rate a stronger dollar added
two and a half billion pounds to payouts
declared last year and it could add more
this year for this chart I looks at the
value of each company's final dividend
using four different exchange rates one
dollar forty eight of the pound which
was the rate on the day of the
referendum one dollar twenty seven which
is the rate now one dollar twenty five
and one dollar twenty the bars show the
potential uplift from the weaker pound
this is all theoretical of course both
dividends and exchange rates are
estimates and not all holders of these
shares will choose to receive their
dividends in pounds then there is this
the small bar in this chart is the
increase in the value of next year's
forecast total dividend at an exchange
rate of one dollar twenty to the pound
large bar is the increase in each
company's market value since the
referendum in late June you can see that
any boost is well and truly in the price
already proof if more where needed
that's investing in shares on the basis
of what is happening in currencies is
rarely a good idea