Stocks surge over Brexit business boom as FTSE 100 leaps to near record levels

Stocks surge over Brexit business boom as FTSE 100 leaps to near record levels
 

The FTSE 100 jumped to near record levels as markets opened, up half a per cent to 7,029 after it was revealed manufacturing output is at a two-year high.
At the same time the value of Sterling fell by around six per cent overnight, prompted by a statement from French president Francois Hollande indicating Britain could be set to leave the single market. 
In what is known as a “flash crash” the pound tumbled on the Asian markets overnight before rallying this morning.
Mike van Dulken, of Accendo Markets, said: "A positive FTSE open is rather perversely derived from a 6pc overnight... read more

 
7 October 2016 in Business, Views: 64
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