|Day's range||3.97 - 4.05|
|52-week range||2.27 - 4.23|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Bank of England Governor Mark Carney is the only member of the central bank's Monetary Policy Committee scheduled to speak next week, at a time when investors are keen to get a clearer sense of how close ...
While the main FTSE 100 index has risen 17 percent over the 12 months since Britain voted to leave the European Union, this has been driven almost exclusively by a fall in sterling. In dollar terms, British stocks have underperformed every developed index in the world. Data from Bats Europe, a stock exchange and index provider, shows that FTSE-listed companies that generate a large portion of their revenues from the UK are actually flat, whereas those with a high percentage of revenues from abroad are up 26 percent.
Sterling gained by almost half a percent against the dollar on Friday, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months. Analysts from Japanese bank Nomura were the first major house on Thursday to flip to calling for a rise in rates this year, after the defection over the past week of three members of the BoE (Shenzhen: 000725.SZ - news) 's policy committee to the camp backing higher rates. Policy hawk, Kristin Forbes, in her last speech before leaving the bank, urged colleagues on Thursday evening to raise rates immediately to quell the inflation pressure stemming from a weaker pound.