Here we have a clear representation of how correlation works. As the value of pound rises, the FTSE 100 decreases in value, why? Because assets require more purchasing power when the pound decreases in value. I was aiming for 13180 as a trade target but I was happy with current profit so I closed out. However, in hindsight, I should have held for a little bit longer because it absolutely smashed through my target and is in the 133 area.
gbpusd

FTSE

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