The FTSE 100 is rose in early trading, pushed up by British bank shares and expectation of US jobs data later today.
Shares in RBS and HSBC lifted the market this morning, helped by a 10 percent rise in Southern Rail owner Go-Ahead.
Go-Ahead (LON:GOG) reported a £99 million profit this morning, sparking anger from unions. The Southern service has been heavily criticised this year for delays and
Global markets mostly started positively on Friday, ahead of the US non-farm payrolls data release. It is expected that a strong figure will make a rate rise – or two – more likely before the end of the year.
Advertisement
The pound was flat against the dollar at £1.3268, despite a hefty increase yesterday on the back of PMI data.