Rolling coverage of the latest economic and financial news
- Lagarde chairs first ECB governing council today
- Expected to outline new vision for eurozone central bank
- Analyst: Lagarde may challenge governments to spend more
- Pound volatility spikes
- Aramco hits $2trn market cap
Stocks are rising in London this morning, pushing the FTSE 100 to its highest level in over a week.
The blue-chip index has gained 48 points at one stage to 7,262 points, the highest since 3rd December. Financial stocks, energy firms, industrials and telecoms companies all gained ground.
Investors seem calm on the eve of the UK General Election with the FTSE 100 up modestly and sterling steady, having recovered from a sell-off early yesterday on signs the polls were tightening….
All eyes will likely be on an exit poll at 10pm tonight which should offer some guide to the ultimate outcome.”
The pound hit a new eight-month high against the dollar this morning, before slipping back.
It touched $1.3228 for the first time since late March. That’s 10 cents higher than in mid-October, just before Boris Johnson managed to renegotiate the UK Brexit deal.