FTSE 100 Live 06 January: Sterling under pressure, blue-chip index seen down
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Dollar strength caused by signs that US interest rates will stay high for longer in 2025 means the pound starts the new week at an eight-month low near $1.24. Sterling’s fall from $1.34 in September also follows a recent run of disappointing UK economic figures, including GDP’s stagnation in the third quarter.
Meanwhile, the FTSE 100 index is seen starting today’s session 14 points lower at 8210, having fallen 0.4% on Friday. Wall Street ended a five-day losing streak after the S&P 500 index rose by 1.3%, the Nasdaq by 1.8% and the Dow Jones Industrial Average lifted 0.8%.
