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Brexit didn't make ARM cheaper. On referendum day it was 1567 yen/share. On Friday was 1670 yen. https://twitter.com/jamestitcomb/status/754966707769315333 htt

by Peroni 10y ago

Brexit didn't make ARM cheaper. On referendum day it was 1567 yen/share. On Friday was 1670 yen. https://twitter.com/jamestitcomb/status/754966707769315333 https://twitter.com/jamestitcomb/status/754966707769315333

pbhjpbhj 10y ago
The referendum was announced in early Feb 2016 and markets started to move then, http://www.xe.com/currencycharts/?from=JPY&to=GBP&view=1M http://www.xe.com/currencycharts/?from=JPY&to=GBP&view=1M. See that step that looks like the half-profile of Table Mountain, that's referendum day.
- infinity0 10y ago
  Yes but ARM shares are up since Brexit, more than offsetting the GBP loss.
- jsingleton 10y ago
  It looks like that although the GBP has declined against the Yen over the last year (and dramatically since the EU vote) [1], ARM's share price has increased to more than counteract this (again dramatically since the EU vote) [2]. [1]: http://www.bbc.co.uk/news/business/market_data/currency/11/14/twelve_month.stm http://www.bbc.co.uk/news/business/market_data/currency/11/1... [2]: http://www.bbc.co.uk/news/business/market_data/shares/3/87294/twelve_month.stm http://www.bbc.co.uk/news/business/market_data/shares/3/8729...