Further uncertainty grips market

In televised remarks made from the White House just ahead of the launch of bombing raids last Thursday (March 20), George W Bush warned that the conflict "could be longer and more difficult than some expect". UK defence secretary Geoff Hoon repeated the warning to UK politicians later that day, and after months of hearing politicians insisting that any war would be short-lived, the comments caught markets off guard.

With war under way, economic data has taken a back seat, with analysts and t