Proactive Investors - FTSE 100 is set to knock a few points lower when trading opens this drizzly Tuesday, with estimates pointing to 7,577 against Monday’s closing price of 7,588.
Sterling has similarly dropped back slightly, with the GBP/USD pair losing a dozen or so pips in this morning’s Asia trading hours (though still hanging around the 14-month highs recently achieved).
Gilt yields will be in focus for the day ahead; having recently shot up to year-to-date highs of 4.49% on the 10-year market and short-term yields pushing 15-year highs, they are feeding into anxieties around the UK’s crisis-ridden mortgage market.
Stay with Proactive for all the latest market news in the day ahead.