View more on these topics

FTSE hits 2-month high, European markets rally as voters head to polls


The FTSE 100 has hit a two-month high and European stocks have rallied as voters head to the polls to vote in the EU referendum.

The FTSE 100 jumped 1.9 per cent to 6,380, a two-month high, having risen 8.2 per cent over the past week.

The pound has also jumped to a six-month high, rising 1.2 per cent against the dollar today to $1.488.

Elsewhere in Europe, Germany’s Xetra Dax index jumped to a three-week high, while the French CAC 40 rose 2.1 per cent and Italy’s FTSE MIB rose by up to 3 per cent.

The shifts came as the polls showed a vote to remain was the most likely outcome of the referendum.

Betfair has the odds of a Remain vote at 84 per cent, while the FT’s poll of opinion polls last night put Remain ahead at 47 per cent versus 45 per cent for Leave.

Polls by Ipsos Mori for the Evening Standard have the probability of a Remain win at 74 per cent, with Remain at 52 per cent and Leave at 48 per cent.


Hargreaves Lansdown

Hargreaves to triple dealing staff for Brexit aftermath

Hargreaves Lansdown has tripled the number of dealing staff, boosted helpdesk support and extended opening to cope with demand following Thursday’s EU referendum. According to Reuters, the fund supermarket is making preparations for a flurry of activity from Friday morning when the outcome of the vote will become clear. It is expected currencies, bonds and […]

Adam Wrench London & Colonial

London & Colonial eyes management buyout

Sipp firm London & Colonial is planning to launch a management buyout of the company, Money Marketing can reveal. Last year Money Marketing reported L&C had approached other Sipp providers about a possible sale, but it has since decided to raise new cash to fund an acquisition and buy out minority shareholders. Head of Product Adam […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment