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FTSE edges back into positive territory as UK budget speech begins but will it hold?
The FTSE 100 was the weakest of the major European stock market indexes yesterday, as we noted earlier this morning and since the opening today it has been in the red all morning. The index has traded as low as 10,643.25 earlier, but it was trying to work its way back into the green as the UK Chancellor began his Budget speech. The index had closed yesterday at 10,686.54.
The immediate reaction to the UK Chancellor and his early remarks has seen the index edge back into positive territory. That said, there is more to come from Jon Healey over the next hour and if there is anything of major impact for the UK stock markets and the Pound. We remain open to any surprises that might come along. The FTSE 100 is currently trading at 10,695
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