London Shares - LONDON MARKET OPEN: London rises as Starmer defends Chancellor Reeves
03-07-2025 01:00
Markets took fright after scenes of Reeves's tears spread, with the value of the pound and long-term government bonds slumping sharply. The pound was quoted at USD1.3670 early on Thursday in London, up from USD1.3612 at the equities close on Wednesday, and against USD1.3705 at the equities close on Tuesday.
London open: Stocks rise as bond markets, pound recover some poise; payrolls eyed
London stocks rose in early trade on Thursday as UK bond markets and the pound recovered some poise following a selloff a day earlier after prime minister Keir Starmer failed to back chancellor Rachel Reeves during PMQs.
