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FTSE LIVE: Markets in wait-and see mode after roller coaster week

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FTSE LIVE: Markets in wait-and see mode after roller coaster week

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FTSE LIVE: Pound back in the red after brief rally; Fat-cat pay takes a tumble; Shares in wait and see mode after roller coaster week

  • The FTSE 100 gained a handful of points at the open to reach 7,149.73
  • The pound picked up on Tuesday after Merkel appeared open to Brexit talks
  • Boards and shareholders responsible for a 13% cut in UK bosses’ wages 

Markets around the globe are expected to be a little flat on Wednesday – ‘finally a reflection of what you would typically expect in this period after a chaotic few weeks’, says Craig Erlam from Oanda. 

The FTSE 100 is up 0.3 per cent at 7,149.73 at the open today after political turmoil in Italy reignited fears of a global slowdown and triggered heavy losses across the board. 

And after a giddy surge for the pound, the fretting currency is on its way back down to earth in early trading, with £1 buying $1.2133 or €1.0938.  

The FTSE 100 is up 0.3 per cent at 7,149.73 at the open today

The FTSE 100 is up 0.3 per cent at 7,149.73 at the open today

 

 

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