
The FTSE 100 index is trading higher as market sentiment improves following the Chancellor’s emergency fiscal statement.
Sterling stood at $1.13 this morning, with the yield on 10-year government bonds still near 4% after yesterday’s sharp fall.
As well as gains by some of the sectors exposed to the now defunct “mini-Budget”, stock market sentiment in London has been lifted by strong trading on Wall Street after a decent start to the third quarter earnings season.