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FTSE 100 leads in early trade as Pound slips and Oil rises
The pervious update looked at the rise in Brent crude this morning and prior to that an update here looked at the fall in the GBP/USD. Well, the Pound has fallen back a little more since then and oil prices are not yet backing off. So, as the European stock markets reopen for live trading, it is the FTSE 100 that is once again outperforming in early trading. The index has just now lifted, to around 8,790 and that comes as the DAX slips back slightly in early trading. Over ands above anything else, the combination of higher oil prices and a lower Pound are music to the ears of the FTSE 100 most of the time.
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