FTSE 100 rebounds as Pound slips and Oil gains

An earlier update here this morn ing noted how the FTSE 100 was falling back after effectively reopening above 8,300 and rising to above 8,310. Well, since that update a few things have changed. The Pound has fallen back further versus the dollar and the Euro and the Oil price has extended its move higher. So, as both those price shifts are essentially positive for the FTSE 100, it should come as little surprise to see the index has now risen to its best levels of the day a short while ago, almost touching 8,320. That rebound comes as the DAX remains in the red and the opening outlook for the US markets is very much pointing to lower start now this afternoon.