FTSE 100 Live 13 January: Sterling remains under pressure, recruiter Page posts update
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Sterling remains under pressure, standing at a fresh one-year low of $1.2146 after Friday’s strong jobs report gave a further lift to the US dollar. The non-farm payrolls figure of 256,000 meant a further blow to the outlook for lower interest rates, resulting in a poor finish to Wall Street trading last week.
The Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite all lost in the region of 1.5%, while there was a further upward move in long-term bond yields. Asia markets are in the red while the FTSE 100 index is forecast to open 22 points lower at 8226, having fallen by 0.9% or 71 points on Friday.
