Lloyds lifts Britain’s FTSE to two-month highs

Lloyds lifts Britain’s FTSE to two-month highs

The FTSE 100 hit a peak of 6,867 points in late January, which was close to its highest level since early 2000, but then slipped due to concerns over a downturn in emerging markets and geopolitical tensions in Ukraine.

A 3.8-percent fall at Sainsbury prevented the broader market from making bigger gains, after brokerage Bernstein reduced its price target on the supermarket chain.

MB Capital trading director Marcus Bullus said he would look to see if the FTSE could break above the 6,850-point level before adding to “long” positions betting on more gains.

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