European financials actually face . They are less than half an hour away from the European Equity market open. Good morning, caroline. Lets talk about where we think this story will go with the equity market open. Go to the wei function. Faire down by 0. 5 on the market value. I would say,. 4 on average. I want to talk about Something Else for just a moment, and that is what is happening in terms of these headlines. You can kind of understand why, that you need to take the next step. And the next step is a really important one. 00 is a global1 index, and this morning i priced it in euros. In euros, we are down by 9 . In japanese yen, we are down by around 20 , but that could be a different story. Lets talk about the 250, because this is an interesting story. 250 is terms, the ftse down by 18 , folks. The pound has been absolutely backwards. This is the way you need to see the market. I would argue not to follow these headlines, to put a positive spin on the ftse 100. Because, lets face
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announcement or a semi announcement? i haven t been surprised by this, to be honest, for a couple of reasons. the first reason is that it is rare for a prime minister to actively choose to leave downing street before they have two, normally they are. because there is a leadership challenge knitting on their heels. so i think rishi sunak wants to spend as much time as he can in downing street, seeing they have been there for two years, it feels better psychologically than going quickly and i think after the rwanda vote, when the government won that reasonably confidently, i think that made his strategists feel he had mark comfort, because if those numbers had been tighter or if he had lost that vote, it may have signified that there could be a leadership challenge after a very