Sterling and FTSE climb back after record falls
The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
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Markets were not as sure about the referendum result as the bookies on Thursday, with equities and sterling both slipping back during the afternoon following big climbs in the morning.
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The FTSE 100 has begun the day in very volatile fashion as the United Kingdom votes on whether to remain in the European Union or leave.
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The FTSE 100 climbed 2.6% by mid-morning on Monday following the release of remain-friendly referendum polls over the weekend.
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The FTSE 100 experienced a respite in the Brexit inspired sell-off and recovered some of its recent lost ground this morning.
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Markets are ending the week on a positive note as the FTSE 100 climbed close to 1% in morning trading.
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The Organisation for Economic Co-operation and Development has issued a fresh warning on the prospect of economic fallout if the United Kingdom votes to leave the European Union.
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Burberry Group shares slid over 5% this morning after the clothing and handbag maker reported a big drop in profits.
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Shares in Rolls-Royce fell nearly 5% on Thursday morning as the market greeted chief executive Warren East’s attempt at reassurance with a heavy dose of scepticism.
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Next’s share price rose as much as 6% during trade on Wednesday despite predicting a challenging year ahead.
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Federal Reserve chair Janet Yellen has once again lifted European markets with a dovish speech.
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AJ Bell estimates the cost of cuts to dividends in the FTSE 100 at a staggering £5.7bn during 2015 and 2016, so should income seekers be looking further down the cap scale?
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