The FTSE hit a seven-month high in early trading today following the Federal Reserve's decision to pump $600bn into the US economy
Shortly after 9am, London's leading index advanced 102 points, or 1.77%, to 5,851 - a 28-week high. At one stage, the index reached 5,858. Its previous strongest reading during a trading day was 5,833 on April 16. The Fed yesterday announced it would pump more than £370bn worth of fresh funds into the US economy in a bid to kick-start the nation's recovery. In morning trading, the dollar fell against the euro, the pound and the Japanese yen. The euro bought $1.4138 in Thursday morning European trading, up from $1.4103 in New York late on Wednesday. Meanwhile, the pound climbed t...
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