Economics / Markets

After a disappointing day yesterday, the FTSE continues its decline, falling 16.60 points (0.31%) to 5399.00.

After a phenomenal day yesterday and a positive start this morning, the FTSE slumped, ending the day down 30.70 points (0.56%) to 5415.60.

The FTSE continued to take advantage of its new lease of life on Tuesday, climbing 70 points, or around 1.3%, to soar to 5,516.6.

Regardless of ‘connectivity issues' preventing the London Stock Exchange (LSE) from trading most of the day, the FTSE soared, ending the day up 195.60 points, having jumped 3.73% to 5436.30.

London's share surge has been halted this morning after the LSE was forced to suspend trading due to a computer glitch.

After another bad day for mining and resources companies, the FTSE has tumbled 121.40 points (2.26%) to end 5240.70.

SWIP has taken a house view to move underweight the US dollar in the short-term, though it still believes that there is further scope for the currency to rise as the US economy recovers from its current slowdown.

London shares fell sharply in early trading as investor confidence was hit by stock prices plummeting across the world, with the FTSE 100 down 73.9 points (1.38%) to 5,288.2 by mid-morning.

HBOs led the FTSE's decline as the index plummeted a huge 137.6 points (2.5%) to 5362.10.

The Bank of England has held interest rates at 5pc for the fifth successive month.