The FTSE 100 began the week on the front foot on Monday, but the pound came under late selling pressure as the Chancellor delivered his Budget. The FTSE 100 began the week on the front foot on Monday, but the pound came under late selling pressure as the Chancellor delivered his Budget. “The bullish mood has spread across Europe, but seeing as the geopolitical and economic risks still persist, the upward move might not last long.”The FTSE 100 was buoyed by HSBC, which was riding high on a solid set of third-quarter results. The biggest risers on the FTSE 100 were GVC Holdings up 56.5p at 922p, Melrose Industries up 7.65p at 161.65p, HSBC up 28.8p at 633.8p and Evraz up 22.4p at 525.4p. The biggest fallers on the FTSE 100 were Rolls-Royce down 23.6p at 831.4p, British American Tobacco down 70p at 3,549p Randgold down 116p at 6,300p, and BAE Systems down 9.6p at 522.4p.

Source: Irish Independent October 29, 2018 17:15 UTC