Here’s a two-year comparison of the FTSE 100 versus the Dax, showing the FTSE quite clearly outperforming the Dax in the period (via Bloomberg):

Now here’s the DAX in sterling terms versus the FTSE — can you spot the difference in performance?

And just to be sure there’s no mistake, here’s the FTSE in euro terms versus the DAX:

And lastly (H/T to one of our Bloomberg literate readers) here’s the FTSE versus the DAX in trade weighted terms:

Related links:
Sterling slammed – FT Alphaville
The dollar-adjusted S&P 500 – FT Alphaville
