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FTSE 100

FTSE 100 recoils despite political uncertainty and economic worries

2 mins read

UK Market: The UK stock market rebounded on Wednesday, with the FTSE 100 index gaining over 1.5%. The blue-chip index recovered from its worst session in three weeks despite political uncertainty in the country and economic worries. Sterling slumped near a two-year low on Tuesday after two senior UK cabinet ministers, Rishi Sunak and Sajid Javid, resigned. The week pound has supported the exporter-heavy blue-chip index this year despite spiralling inflation and growing fear over the economic recession. UK housebuilders also reported a slowdown in activity in June, with S&P Global/Clips construction purchasing managers’ index (PMI) dropping to 52.6 from…

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Trade

FTSE 100 recoils despite political uncertainty and economic worries

2 mins read

UK Market: The UK stock market rebounded on Wednesday, with the FTSE 100 index gaining over 1.5%. The blue-chip index recovered from its worst session in three weeks despite political uncertainty in the country and economic worries. Sterling slumped near a two-year low on Tuesday after two senior UK cabinet ministers, Rishi Sunak and Sajid…