Pressure has eased on UK financial markets after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 index opening higher.
Shortly after trading began, the index was up 2.2% at 6,113.01, while the FTSE 250 had gained 3.1%, reports the BBC.
The index lost 5.6% in the previous two trading sessions, while the more UK-focused FTSE 250 has slumped 13.7%.
On Monday, the pound plunged to a 31-year low against the dollar, while some share trading was temporarily halted.
Also on Monday, yields on 10-year government bonds sank below 1% for the first time as investors bet on an interest rate cut.
Shortly after trading began, the index was up 2.2% at 6,113.01, while the FTSE 250 had gained 3.1%, reports the BBC.
The index lost 5.6% in the previous two trading sessions, while the more UK-focused FTSE 250 has slumped 13.7%.
On Monday, the pound plunged to a 31-year low against the dollar, while some share trading was temporarily halted.
Also on Monday, yields on 10-year government bonds sank below 1% for the first time as investors bet on an interest rate cut.
Source: banglanews
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