SHOCKING: Pound climbs and bond yields ease as pm backs reeves - You Need To See This

The FTSE 100 and sterling rallied while the bond market calmed on Thursday as Prime Minister Sir Keir Starmer supported his Chancellor, reassuring markets that a change at the Treasury was not on the cards.

The FTSE 100 index closed up 48.51 points, 0.6%, at 8,823.20. The FTSE 250 jumped 250.09 points, 1.2%, at 21,702.58, and the AIM All-Share rose 8.49 points, 1.1%, at 776.25.