There was a distinctly mixed market reaction to the pre-Brexit Budget yesterday, presented by Chancellor Philip Hammond.
The blue-chip was 0.16% higher at 7,037.37 in morning trading, but sterling was under pressure.
The pound lost 0.18% against the dollar, at 1.2772. It gained 0.20% against the yen, at 144.0850 .to €1.1232 and 0.21% against the
On the stock market, the FTSE 250 Index, which is more reflective of domestic British business than the FTSE 100, was down 0.05% at 18,558.33.
Share prices have been under intense pressure across the world in recent days, and currency volatility has accompanied trade tensions and stresses within the eurozone, so the Budget and the allied issue of Brexit are unlikely to have been the sole cause of the downbeat mood in financial markets.
Mr Hammond told MPs: “We are at a pivotal moment in our EU negotiations, and the stakes could not be higher. Get it right, and we will not only protect Britain’s jobs, businesses and prosperity, but we will also harvest a double ‘Deal Dividend’. A boost from the end of uncertainty, and a boost from releasing some of the fiscal headroom that I am holding in reserve at the moment.”