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FTSE 100 moves into the Green as GBP/USD slips and oil edges higher
The FTSE 100 has now managed to recover an earlier fall that saw it drop to a low earlier this morning, at 8,242.99. The index had closed yesterday at 8,282.76 and just now it is edging back above 8,290, hence back slightly into positive territory and now green on the day. Talking of Green, the latest recruit to the MPC, Megan Green has been talking about UK monetary policy this morning and so far her comments have not lifted the Pound, despite her vocally adding her support to a gradual approach to further BOE monetary easing. The GBP/USD is now edging back towards 1..3375. That modest relapse in the GBP/USD just now coupled with a slight push higher in Oil prices since earlier has helped to push the FTSE 100 higher. The FTSE 100 is just now trading at 8,293 and it is the only one of the three major European indexes yet to make it higher on the day
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