collected by :John Locas
as declared in
The FTSE 100 rose on Friday as the pound fell more than 2 per cent against the dollar in the wake of the UK’s general election resulting in a hung parliament.
The FTSE 250 index, which includes smaller companies with more of a UK focus, closed marginally higher at 19,769.96.
Some said the pound would likely remain under severe pressure in the coming weeks, which in turn would support stocks.
Markets had largely priced in a Tory majority and major investors described Friday’s outcome as a shock result.
The UK’s blue chip share index jumped 1.3 per cent shortly after the stock market opened and closed 1 per cent higher at 7,527.33.
3pm… FTSE 100 down 15 at 7,563 as all eyes turn to election resultFTSE 100 is stuck in the red as investors settle down for the election result this evening.
FTSE 100 is down 18 at 7,460 the time of writing as the market appears to be a bit in limbo before the result is known.
As well as the UK election, markets also have to contend with a potentially explosive testimony of former FBI chief James Comey and face the ECB monetary policy meeting.
10.40am… FTSE 100 back in the blueThe blue chip index was three points higher at 7,481 with banks, airlines and miners all doing well.
11.45am… FTSE 100 is going nowhere todayAt lunchtime the index was five points lower at 7,473 having briefly poked its nose into the blue earlier in the day.
FTSE 100 in red as election overshadows US gains
10.45am: FTSE 100 pushes on as banks spring back in to lifeBanks and miners are giving the FTSE 100 a lift as attention focuses on tomorrow’s general election.
FTSE 100 in red as dollar earners suffer from election jittersFootsie fell into the red as investors turned their back on dollar earners on worries about a hung parliament in tomorrow’s election.
6.50am: Wait-and-see-modeWith just a day to go to the General Election, UK investors appeared to be in wait-and-see mode.
FTSE 100 closes down 46 at 7,478UK election in focusBanks rally; Santander to take over Banco PopularFTSE 100 closed below the 7,500 level as traders sit and wait it out ahead of tomorrow’s UK election, and more importantly, its result.
Spread betting quotes indicated the FTSE 100 would open little changed.