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