Share Price.com

FTSE Gains as Pound Falls

Wednesday, 21st March 2018
UNDEFINED

The inflation figures were published in anticipation of the Bank Of Englandís monetary policy announcements, which are due on Thursday. There is also a focus, internationally, on the U.S. Federal Reserve, who are beginning their two day policy meeting.

The FTSE 100 gained 0.3 percent, bouncing back from a low point reached on Monday. The pound slipped to $1.3992, down from $1.4025 late on Monday night. Intraday, the Sterling did trend up, but the disappointing inflation news helped to drag it down. A weak pound is good for the FTSE 100 because of the international weighting of the index. Around 75% of the revenue for the companies in the index comes from overseas, so a week pound can boost revenues.

The BOE will assess the recent inflation report and it will be a factor in their next policy decision. The expectation is that the bank will announce a rise in interest rates for May.

The US Federal Reserve's policy meeting began today, and they will be announcing their plans in two days. Both of these meetings are important for the index, and will be the main drivers for the London and US markets over the rest of the week, although Brexit negotiations could also be a cause of some significant movement in the FTSE 100 and European markets.



Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.