Currency volatility becoming a key factor in forming market sentiment

AS the FTSE 100 hit a year high last Friday, the debate going on among British and Irish analysts is whether the markets have run ahead of global economic recovery.

Since March, markets overall are up by well over 20%, a move that followed the end of the Iraqi war.

The move in the markets had been forecast by some and was underpinned by an increasing view of recovery in the US becoming a reality after three years of virtually zero growth.