FTSE LIVE: Weaker pound helps Footsie higher despite lower Asian markets as oil price eases



08.30: The Footsie pushed up towards record levels in early trading, tracking overnight gains in New York which offset lower Asian markets as oil prices retreated, lifted by a weaker pound which remained under pressure on ‘Hard Brexit’ concerns.
In opening deals, the FTSE 100 index was ahead 18.3 points at 7,115.8, extending yesterday's  53.11 point advance made after crude prices surged above $53 a barrel on news Russian president Vladimir Putin has voiced support for a production cap.
The UK blue chip index is above the highest closing value reached to date of 7,103.98 but still below the... read more

 
11 October 2016 in Business, Views: 29
Source: Daily Mail
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