FTSE 100 is expected to open slightly higher this morning after a bruising end to last week and despite losses in Asian markets overnight.
Spread betting companies are calling London’s blue-chip index up by around 17 points.
All eyes will be on the pound when the European trading day begins. Sterling fell to an intraday low of US$1.0349 earlier Monday, its worst ever level against the dollar.
In the US on Friday US markets suffered heavy losses at the close, as the CBOE Volatility Index (^VIX) — Wall Street's "fear gauge" — rose above 30.
The S&P 500 lost 1.7% to finish at 3,693 points; the Nasdaq sank 1.8% to hit 10,868 points, and the Dow fell 1.6% to reach 29,590 points - a new 2022 low.