Market update

The Bank of England intervened twice last week to increase the scale of its emergency bond-buying programme and announced that it would widen its scope to include index-linked bonds which are linked to inflation.  London stocks closed down on Tuesday with the FTSE 100 ending the session down 1.06% at 6,885.23, and the FTSE 250 closed down 1.29% at 16,904.06.

New data from the Office for National Statistics (ONS) has highlighted that the unemployment rate has unexpectedly fallen to its lowest level since the three-month period to February 1974. In the three months to August, the jobless rate reduced by 0.3 percentage points to 3.5%.



Photo by Samuel Regan-Asante