FTSE 250 hits 15-month high; woes at UK banknote maker De La Rue – business live

Rolling coverage of the latest economic and financial news, as De La Rue warns of ‘material uncertainty’ about whether it can continue as a going concern

Earlier:

1.51pm GMT

Just in: America’s trade deficit with the rest of the world has narrowed.

But rather than a surge in exports, the move is due to a drop in imports. That may be due to the tariffs imposed on goods from China and Europe by the Trump administration.

1.34pm GMT

Britain’s FTSE 250 index has hit its highest level in 15 months today.

“The market seems to be growing more confident that the Conservative Party will win the general election in December, thus bringing some clarity to what might happen with Brexit and – importantly – removing an element of uncertainty which has hung over UK equities for some time.

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