FTSE 100 edges higher as Fed nerves ease; Lloyds in demand after strong Q1
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FTSE 100 edges higher as Fed nerves ease; Lloyds in demand after strong Q1
The index of UK blue-chips opened 24 points to the good at 6,968.59
Over to you Mr Powell
The FTSE 100 opened in positive territory ahead of the US Federal Reserve call on interest rates with traders betting that Jerome Powell and his cohort will maintain their ultra-accommodative monetary stance.
There have been a few market wobbles of late with America’s rapid vaccination programme sparking a faster than anticipated economic rebound, which in turn precipitated inflationary fears.