FTSE 100 steady ahead of election

Traders in LondonImage copyright

The FTSE 100 was virtually flat on the last day of campaigning before the general election.

In early trading, the FTSE 100 was up just 0.2%, or 17 points, at 7,540.23.

RBS was the top riser, jumping 2.5% ahead of expected official confirmation that the bank has reached a settlement with investors who say they were duped into handing £12bn to the bank during the financial crisis.

A High Court judge is expected to be told formally of the deal shortly.

Barclays bank was also among the top risers on the blue-chip index, ticking up 2%.

On the currency markets, the pound slipped slightly against the dollar, dropping 0.06% to $1.29020 but it rose 0.04% against the euro to 1.1452 euros.

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