Omnis market update 17 July

Movements in the FTSE 100 were mostly driven by corporate results last week, although the index rallied in response to comments by the Bank of England’s Deputy Governor Ben Broadbent about keeping interest rates low, and Federal Reserve (the Fed) Chair Janet Yellen’s upbeat testimony before US Congress. Meanwhile, sterling strengthened against the dollar and other major currencies on the back of falling unemployment in the UK.

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