FTSE moves sideways - weekly market report

The market had to contend with two major monetary policy statements from the UK and US, and worry about how currency issues are going to continue affecting profitability. European figures released today show the eurozone grew by just 0.3% in the fourth quarter last year, with growth stemmed to a large extent by the record highs of the euro against the dollar, coupled with a poor showing by the Italian economy. That said, investors lit a torch under Rolls Royce, which reported surging sales and profits, sending its share price up by nearly 25% in a matter of days. BAE Systems was th...