Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

FTSE 100 seen slightly higher at the open, sterling in focus

Published 26/09/2022, 07:00
Updated 26/09/2022, 07:10
© Reuters.  FTSE 100 seen slightly higher at the open, sterling in focus

© Reuters. FTSE 100 seen slightly higher at the open, sterling in focus

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.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.