The struggles of the FTSE 100 index eased this afternoon as shares rose on reports the US is close to a debt deal.
After an initial rise, he top flight fell back to near its opening mark in the late morning, but climbed late in the day. While it has now recovered all of yesterday’s losses, the FTSE 100 remains down for the week.
The pressure on gilts market also continued after yields soared this week amid fears of further interest rate hikes to come.
