Update: FTSE climbs for fourth consecutive day

Carney hinted at monetary easing in summer

The FTSE 100 has gained for a fourth consecutive day to reach a 10-month high, in the wake of Mark Carney's speech hinting at monetary easing over the summer, while the UK government bond market responded with its first ever negative yielding gilt.

Blue chips climbed 0.4% in morning trading to reach 6,526 points, putting it on track for its best week since 2011, according to the FT. It is up 6.3% so far this week, and has hit its highest level since August 2015. Yesterday governor of the Bank of England Carney suggested a rate cut or another form of monetary easing such as QE could come into play as early as this summer, following the UK's shock result to leave the EU in last week's referendum. The announcement sent the FTSE soaring after a flat day of trading, leading the index to close 2.3% higher. The FTSE 250 also rebound...