FTSE 100 back above 7,000 as pound slides

FTSE 100 back above 7,000 as pound slides
 

London's main share index headed higher as the pound continued to slide on the foreign exchanges.
The FTSE 100 index rose 28.70 points, or 0.4%, to 7,028.66 in early trade.
In Asian trade, the pound sank 6% against the dollar in a matter of minutes to $1.1841, before recovering to around $1.24, still down 1.5%.
It is not clear what triggered the flash crash, with some blaming automated trading systems reacting to a news report.
The pound has been sliding all week, with traders nervous about how the UK's talks with the EU over leaving the bloc will progress.
Last Sunday, Prime Minister... read more

 
7 October 2016 in Business, Views: 34
Source: BBC
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31