Omnis market update 26 June

The FTSE 100 drifted lower last week, weighed down by oil companies faced with a supply glut in the global market. Sterling weakened at the start of the week after Bank of England (BoE) Governor Mark Carney suggested interest rate hikes were some way off, but it recovered when the BoE’s chief economist Andy Haldane appeared to contradict Mr Carney.

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