21/01/14 Market Movements

Markets closed down 2.47 points at  6,834.26.

No stock movements to report today.

Market news
The International Monetary Fund is reportedly on the brink of upgrading its growth forecast for the UK.

It is understood that the IMF is poised to increase its projection for UK growth in 2014 from 1.9% to 2.4%.   The IMF will also be lifting forecasts for World Economic growth, although the upgrade wont be as significant as the upgrade given to the UK.

Despite the optimism, some have voiced concerns that Britain’s growth has been driven mainly by household spending rather than the exports and manufacturing sector.