Stock markets and the pound have continued their uneasy recovery following the hammering of values in the wake of the UK’s EU referendum.The FTSE 100 was 2% up in morning trade on Wednesday – following on from a near-160 point or 2.6% rise on Tuesday, with markets worldwide also surging higher in a post-Brexit bounce back.
The mid-cap FTSE 250 was up a further 1% while the pound also clawed back some more ground on the US dollar – trading at $1.34 having fallen to fresh 31-year lows earlier in the week.
It was also higher against the euro at €1.21.
Trending
- RESOLVES TO SET MINIMUM AGE FOR SOCIAL MEDIA
- ONE MILLION WORKERS FACE HIGHER TAX RATE
- TAIWAN UNVEILS $40 BLN DEFENCE BOOST
- CHELSEA CRUSH 10-MAN BARCA IN 3-0 WIN
- VON DER LEYEN CALLS FOR MORE WORK
- TREASURY UNSURE WHO FACES PENSION TAX HIT
- UKRAINE TEAM STARTS WORK IN GENEVA
- EU CUTS UK’S DEFENCE FUND FEE
