Sun. Sep 27th, 2020

Christine Lagarde in spotlight at first ECB meeting – business live

Rolling coverage of the latest economic and financial news

10.37am GMT

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.”

10.06am GMT

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.

Related: General election 2019: nation faces ‘historic’ choice – polling day live news

Continue reading…Rolling coverage of the latest economic and financial newsLagarde chairs first ECB governing council todayExpected to outline new vision for eurozone central bankAnalyst: Lagarde may challenge governments to spend morePound volatility spikesAramco hits $2trn market cap 10.37am GMTStocks 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.” 10.06am GMTThe 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. Related: General election 2019: nation faces ‘historic’ choice – polling day live news Continue reading…