The rally continues today, with the FTSE 100 up 1.1% at 10am GMT, as investors await the Liz Truss announcement of a U-Turn on parts of its unfunded tax cuts. Lenders Lloyds and Barclays are at the top of the index, and so is Legal & General, which rose 3%.
British finance minister Kwasi Kwarteng left Washington early ahead of a potential statement.
This comes as the Bank of England's emergency bond purchases come to an end today.
Among stocks, International Distributions Services dropped 8.9% after it said that Royal Mail is set to cut as much as 5,000 jobs over 2023.
Things to read today:
Market turbulence pushes Liz Truss to the brink (Financial Times)
UK Pensions Crisis Exposes Structural Holes, Asset Manager Says (Bloomberg)