The banks have rebounded today, also waiting eagerly for interest rate cuts in the US and the UK. It seems the FTSE 100 is waiting anxiously for Wall Street to open before it can make up its mind whether to stay in the red or go back into the black. At 12.20pm, it was down 31 points at 5547.2.
The banks are also waiting for a lead from Wall Street, but for the moment, the feeling is generally positive in the sector. HBOS is up 22.5p at 633p, Barclays has increased 10.2p to 431p, and Lloyds TSB has risen 10.7p to 384.25p.
All eyes will be on Wall Street at 2.30pm, when the markets open in New York.
