Tale of two Cities: FTSE 100 rises despite economic collapse

Surge in shares contrasts with Covid-related downturn and growing unemploymentCoronavirus – latest updatesSee all our coronavirus coverageThe economic collapse in Britain during the second quarter of 2020 was the most brutal on record. Unemployment is forecast by the Bank of England to soar to 2.5m by Christmas. The Brexit cliff edge approaches. Yet in the City, the FTSE 100 has been on the up.Never has the disconnect between financial trading and economic fundamentals appeared so extreme.