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Tag: dollar

FSTE 100 sets record high; 20 Tory rebel MPs threaten Sunak’s majority

3 February 202314 January 2024Political Fiber0

London’s FTSE 100 stock index set a record closing high on Friday (Feb 3) finishing up more than 1% at 7,901.8 points – beating the previous record set in May, 2018 when the FTSE 100 closed at 7,877.45. Investors are reportedly backing the UK’s blue chip firms to benefit from the weak pound combined with […]

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Pound hits historic low while split in Tory party deepens

26 September 202214 January 2024Joe Cahal0

The pound has plummeted to its lowest ever level against the US dollar after the new Conservative government’s mini-budget collapsed confidence in the UK’s economic management. Early trading on Monday saw the pound plunge 5% against the dollar to just $1.03 before it managed to claw back two cents when London’s markets opened. Further turmoil […]

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