Home news FTSE 100 falls as pound holds above $1.30

FTSE 100 falls as pound holds above $1.30


The pound held above the $1.30 mark after comments from senior Bank of England officials suggested interest rate rises could be back on the agenda.On Wednesday, Bank governor Mark Carney suggested that rates could rise if business investment grows.The Bank’s chief economist, Andy Haldane, then said on Thursday that the Bank needed to “look seriously” at a possible rate rise.The pound stood at $1.3010, and rose 0.2% against the euro at 1.1392 euros.On the stock market, the FTSE 100 was down 26.32 points at 7,324.00, with oil companies weighing on the index.Shares in BP were down 1.6% while Royal Dutch Shell fell 1.4%.Outside the FTSE 100, shares in Game Digital dived 30% after the video games retailer issued a profit warning.The company said trading had been affected by lower than expected supplies of the Nintendo Switch console.
Source: BBC