Opening Market Overview

This is what killed the life insurerers this morning.

City watchdog to probe 30m financial policies

The City regulator is to investigate about 30 million insurance company policies over concerns that customers are subject to "unfair" conditions.

The investigation will include pensions, endowments, investment bonds and life insurance policies sold in the UK between the 1970s and 2000.

The Financial Conduct Authority (FCA) will look into policies which penalise savers who want to switch providers.

The FCA told the Daily Telegraph it might "intervene on exit charges".

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GBP Current Account -22.4B -13.5B -22.8B

GBP Final GDP q/q 0.7% 0.7% 0.7%

GBP Index of Services 3m/3m 0.9% 0.6% 0.8%

GBP Revised Business Investment q/q 2.4% 2.4% 2.4%

Midday report

USD Core PCE Price Index m/m 0.1% 0.1% 0.1%

USD Personal Spending m/m 0.3% 0.3% 0.4%

USD Personal Income m/m 0.3% 0.4% 0.3%

USD Revised UoM Consumer Sentiment 80.0 80.6 79.9