The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Ithaca Energy, Saga, Hiscox, Shepherd Neame, Chapel Down Group, Rolls-Royce, Flutter and Pendragon. Read the Wednesday 27 September Business Live blog below.
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The pound faces its worst month since the mini-Budget crisis last year amid recession fears
The pound hit a six-month low against the dollar last night as it headed for its worst month since the mini-Budget crisis of last September amid fears of a recession.
Sterling dropped by about half a cent to as low as $1.2157 as pressure mounted on the currency in the wake of last week’s decision by the Bank of England to leave interest rates on hold.
And while many observers believe rates in the UK have peaked, it is thought there could be further hikes in the US, boosting the dollar.
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