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FTSE 100 plunges 3.5% over fears of stricter lockdown rules due to second wave

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THE FTSE 100 has plunged by 3.45% this morning over fears the UK could go into a second lockdown. It’s the worst day the London stock market has seen in three months, and is the hardest hit s…

THE FTSE 100 has plunged by 3.45% this morning over fears the UK could go into a second lockdown.

But keep in mind that with retirement savings, you’re investing for the long-term so the drop in value isn’t likely to be permanent.Savings and mortgagesBut if panic on the stock market spreads to the wider economy, the Bank of England may cut interest rates - and it's done so twice in recent weeks. He added: "Sterling is caught in the middle; a currency that has lost its haven status courtesy of Brexit while investors hold dollars as the global reserve currency."

 

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