FTSE rallies on cash injection from banks

UK shares halted their three-day slide after centrals banks fulfilled their promise to inject more c...

UK shares halted their three-day slide after centrals banks fulfilled their promise to inject more cash into the markets. The FTSE 100 was up more than 2% at 2pm today with financial stocks leading the way. RBS led the risers, up nearly 7% to 353p, followed by Barlcays, up 6.25%. The surge follows the the move by five central banks - including the Bank of England and the US's Federal Reserve - to dampen the growing pressure in money markets.