Brenda Kelly – Head analyst at London Capital Group – joins Nick Batsford and Richard Hunter to discuss the latest news in the markets.
Glencore todays darling of the FTSE.
Following their announced plans to reduce their position on debt, Glencore have seen their share prices up by around 12% from this morning’s market open. This caused an early spike in the FTSE 100 price, which is breaking back towards its 6000 support level.
Could the Bank of England pull the trigger before the Fed?
Sterling has seen some weakness in the build up towards the BoEs MPC announcement this coming Thursday. There’s still the potential that Mark Carney will opt to affect the interest rate, but Kelly believes it is far more likely that the Bank will wait for the Federal Reserve to be the first to make a move.
