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UK share price up, though early post Brexit days will remain Volatile says Governer Mark Carney BoE

Image copyright AFP UK shares have risen for a third day, after Bank of England governor Mark Carney hinted at fresh stimulus measures following the Brexit vote. By lunchtime, the FTSE 100 index was 0.7% higher, while the FTSE 250 was higher by 0.08%. On Thursday, Mr Carney said a deteriorating outlook meant action from the Bank was likely this summer. FTSE 100 and FTSE 250 both end the day up by more than 1% Osborne signals abandonment of Budget surplus target UK government bond yields tumble Shell boss in North Sea rethink Wall Street rose for the third straight day on Thursday, with the Dow Jones closing up 1.33% and S&P 500 up 1.36%. Share prices were further boosted after Chancellor George Osborne said the government would abandon its commitment to achieve a budget surplus by 2020, suggesting as a result that the austerity policies of the last six years might be eased in the wake of the referendum result. The FTSE 250 , which had started the day...