The FTSE hit a seven-month high in early trading today following the Federal Reserve's decision to pump $600bn into the US economy.
Shortly after 9am, London's leading index advanced 102 points, or 1.77%, to 5,851 - a 28-week high. At one stage, the index reached 5,858. Its previous strongest reading during a trading day was 5,833 on April 16. The Fed yesterday announced it would pump more than £370bn worth of fresh funds into the US economy in a bid to kick-start the nation's recovery. Investors are also awaiting the latest Bank of England MPC decision on UK interest rates and QE, which will be announced at midday. Analysts anticipate no change in policy. Miners are leading the drive into positive territory in...
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