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Evening Standard
Evening Standard
Business
Anna Wise

New Year rally wanes for FTSE 100 while pound gains ground

Wizz Air Bank of England Hargreaves Lansdown Ryanair Shell the Federal Reserve United States
London’s FTSE 100 has struggled to hold on to gains in a choppy day of trading for global markets (Kirsty O’Connor/PA) - (PA Archive)

London’s FTSE 100 has struggled to hold on to gains in a choppy day of trading for global markets, while the pound strengthened after dropping to an eight-month low against the dollar.

The FTSE 100 had surged by more than 1% on Thursday, the first trading day of 2025, fuelling hopes that it was kicking off a stronger year of trading.

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