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FTSE 100 Live: Pound Sinks Closer to $1.23, UK Stocks Set to Rise
FTSE 100 futures are up 0.2%, pointing to a second day of gains for the index after it avoided the selloff that hit the midcap FTSE 250 yesterday. The latter closed 2% lower, its worst decline since the selloff in August and at the weakest level since May.
FTSE closes higher as pound falls to 14-month low after bond sell-off
A weak pound ( GBPUSD=X) managed to help the FTSE 100 ( ^FTSE) outperform against its European peers on Thursday, with the currency hitting a 14-month low in early trading. Sterling has lost a cent against the US greenback, extending its recent losses and falling below $1.23 to its lowest level since November 2023.
FTSE 100 Live: London stocks volatile as pound slumps to 2023 levels, M&S and Greggs tumble
The Greggs PLC (LSE:GRG) update has seen its shares crumble 10% to the lowest since October 2023. Analyst Darren Shirley at Shore Capital says the year-end statement "is softer than our expectations" as it reflects what the company calls "more subdued" high street footfall.
FTSE 100 Live: Bond Yields Rise as Pound Falls Below $1.24
FTSE 100 futures are about flat following a tepid day for the index yesterday too. The FTSE 250 fell by 1.3% in Tuesday’s session, hitting the lowest level since November. The pound is edging higher but remains short of $1.25, and keep a close eye on gilt markets after 30-year yields hit the highest level since 1998.
FTSE 100 Moderately Higher As Mining Stocks Move Up
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European Shares Slide On Tariff Worries; FTSE 100 Rises As Pound Sinks
European shares edged lower on Thursday amid light trading volumes due to a market holiday in the U.S. A cautious undertone ...
Here’s why the FTSE 100 index may hit £10,000 in 2025
The FTSE 100 index has remained in a tight range in the past few months, underperforming top peers like the S&P 500 and ...
Banks, defence shares pull UK's FTSE 100 higher
The UK's FTSE 100 advanced on Wednesday, boosted by rebounding bank stocks, with aerospace and defence also aiding gains, ...