8.20am MORNING HEADLINES
Good morning, and welcome to our rolling coverage of Pound Sterling, British business, the eurozone, the world economy and the financial markets.
The Pound is up 0.16 percent against the Euro to 1.1386, and up 0.42 percent against the Dollar to 1.4026.
International Consolidated Airlines Group (IAG) boss Willie Walsh told BBC radio this morning that he’s not too worried about how Brexit could affect his business.
He said: “I’m actually very confident personally that a comprehensive air transport agreement will be agreed between the EU and the UK.”
“That’s principally because it’s the great success of the EU. The liberalisation of aviation has been a fantastic benefit for consumers. And nobody wants to see that end.
“At the end of the day all airlines want to see the current arrangement continue – nobody wants to see a return to restrictions on where you can fly and how often you can fly.”
Updates below throughout the day….
8.37am – UPDATE – FTSE and Pound rise
Connor Campbell, financial analyst at Spreadex, said that, “despite the pound’s own climb, the FTSE appeared pretty perky after the bell”.
He said: “The UK index quickly rose more than half a percent, taking it within touching distance of 7300. As for sterling, it was up 0.5 percent against the dollar, taking cable back towards $1.404 and its best price in around 10 days, while the pound jumped 0.3 percent against the euro, to hit a 2 and a half week peak.”