FTSE 100 and sterling slip as Brexit uncertainty continues

FTSE 100 falls but still close to best weekly performance

The UK’s FTSE 100 faded from a near one-month high but was close to its best weekly performance in nine months.

The FTSE 100 fell 0.05 per cent while the FTSE 250 lost 0.24 per cent, led by a -9.37 per cent plunge in Synthomer shares.

The UK’s blue chip index closed at 7,324.47, a -0.05 per cent change.

The pan-European STOXX 600 closed at 398.01, up 0.16 per cent.

Dublin stocks .ISEQ and the pound also edged lower, as UK prime minister Boris Johnson acknowledged that he could not meet his Brexit deadline of October 31.

If Johnson wins the Commons backing for a December 12 election in a vote on Monday October 28, he will bring the withdrawal agreement bill back to parliament. This would give MPs until November 6 to secure Brexit.

What is your sentiment on GBP/USD?

Vote to see community's results!

France clashed with the rest of the EU over the length of a Brexit extension. At the ambassadors meeting in Brussels there was a “full agreement” that there was a need for an extension beyond October 31.

Sterling was at $1.2818 in late afternoon trading, down 0.21 per cent on the day.

Meanwhile, France's CAC 40 outperformed as Gucci-owner Kering surged 8 per cent, while Italian jacket maker Moncler rose 11 per cent.

Among banks, Spain’s Banco Sabadell and UK’s Barclays both rose after reporting better than expected third-quarter earnings.

British Pound / US Dollar
Daily change
Low: 1.22456
High: 1.23034
Europe 50
Daily change
Low: 3436.2
High: 3553.9
France 40
Daily change
Low: 5895.1
High: 6118.1
The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image