The FTSE 100 opened this morning 23 points down on yesterday's close, with bank shares leading the fall.
HSBC fell 7.3% by 10.30am today, to 364p, while Barclays dropped 6.4% to 105p. But insurers Legal & General and Prudential were up 8.92% to 41.5p and 6.74% to 304.75p respectively. The US Dollar continued to weaken against Sterling and the Euro, following the Federal Reserve's $300bn government bond buyback announcement on Wednesday. Sterling bought around $1.459 at open of trading today, compared to $1.451 yesterday. The Euro bought $1.371 this morning, from $1.366 on Thursday. The FTSEurofirst 300 Index opened at 714.97 this morning, having closed on 7.15.17 last night. IFAonline
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