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| Stock markets live: Global markets remain volatile as week of drama comes to a close | Stock markets live: Global markets remain volatile as week of drama comes to a close |
| (about 1 hour later) | |
| London’s FTSE 100 slipped on Friday after yet another fierce sell-off across US and Asian stocks, fuelled by concerns that global interest rates may rise faster than previously expected. | |
| The UK’s benchmark stock index ended the session down around 1.3 per cent having already suffered a more than 1 per cent fall on Thursday after the Bank of England held interest rates steady at its regular policy meeting but indicated that they may rise again soon. | |
| That sent the pound sharply higher, which in turn weighed on equities. A vast proportion of FTSE 100 revenue is generated outside of the UK meaning that a strong pound tends to send the index lower. | |
| Elsewhere, China’s main stock index fell by just over 4 per cent on Friday after the US’s Dow Jones Industrial Average declined 4.1 per cent on Thursday and the S&P 500 lost 3.7 per cent. Earlier in the week the Dow was hit by a record 1,175-point loss triggered by better than expected US jobs data that sent US bond yields higher as it introduced the prospect of higher inflation. | |
| On Friday, however, the US indices showed signs of tentatively stabilising. | |
| Here's a look at how all the action unfolded. | |
| Please allow a moment for our liveblog to load | Please allow a moment for our liveblog to load |