marketsClosed Apr 14, 2025
- The FTSE 100 and the pound extend Friday’s advance as the US dollar weakens amid the latest tariff uncertainty. Gilt yields are falling, particularly at the longer-end of the curve following the worst week since 2022.
- Join the Markets Today team – Morwenna Coniam, Alex Morgan and Dave Goodman — for news and analysis vital to UK markets. Email us at [email protected]
After a calamitous week last week, UK markets were relatively calm today as they benefitted from an improved risk appetite and a weaker dollar — which unlike on recent days, wasn’t startled into reverse on any global headlines.
The FTSE 100 closed up just shy of 2%, a climb which would normally be notable, but is significantly overshadowed by the swings of last week. Financials were among the strongest performers, with more positive earnings coming out of Wall Street helping their ascent.
The FTSE 250 saw gains for technology-related shares — which are climbing elsewhere — as well as a late rise for retail investment firm Urban Logistics on a possible bid from LondonMetric.
Meanwhile the pound rallied close to $1.32 as the US dollar extended the year’s slump. And gilt yields fell, unwinding most of week’s jump in the cost of longer-term borrowing.
Whether the mood will have changed by tomorrow morning is very much up for question, but you can join us here, when we’ll be taking you through that wages data, earnings from B&M and everything you need to know.
