Economics / Markets

Outgoing Bank of England governor Sir Mervyn King has said people have "every right to be angry" with banks over the financial crisis.

The FTSE 100 index fell once again today as nervous investors continued to take profits, but it remains on track to lock-in its twelfth consecutive month of gains.

Geoff Hitchin, manager of the Marlborough Global Bond fund, looks at how investors can protect their portfolios against any further weakening of the pound.

The British Chambers of Commerce(BCC) has upgraded its long-term growth forecast for the UK, but warned the economy still faces domestic and overseas challenges.

TOP STOCKS

The incoming governor of the Bank of England (BoE) may introduce more quantitative easing and attempt to devalue the pound, the world's biggest bond fund manager predicted yesterday.

SECTOR REPORT

Japan's Nikkei 225 has suffered its second huge fall in a little over a week after the index closed down 5% overnight.

Major indices across Europe traded lower on Wednesday, reversing gains made yesterday as the IMF cut Chinese growth forecasts.

The FTSE 100 index has shrugged off the heavy falls seen at the end of last week to resume its upward trend in early trading this morning.