(Corrects paragraph 3 to say stocks led the gains, not
declines)
* FTSE 100 up 1%, FTSE 250 adds 0.8%
Oct 16 (Reuters) - London's FTSE 100 rose on Friday as a
weaker pound boosted shares of exporters, although gains were
capped by Brexit-related uncertainty and new lockdowns to
contain a resurgence in cases of the novel coronavirus.
The blue-chip index .FTSE climbed 1%, with energy
.FTNMX0530 , travel and leisure .FTNMX5750 , and homebuilding
.FTNMX3720 stocks leading the gains. The FTSE 100 had hit a
near-two week low in the previous session.
The mid-cap FTSE 250 index .FTMC gained 0.8% on Friday.
However, both the indexes were on course for their first
weekly decline in three weeks as investors sought more details
about the Brexit trade deal negotiations.
Prime Minister Boris Johnson on Friday will set out his
approach to an agreement, a day after the European Union told
Britain to compromise on their new economic partnership or stand
ready for trade disruptions in less than 80 days.
In company news, Man Group Plc EMG.L jumped 5% after the
hedge fund manager reported a 4.4% rise in funds under
management as of September-end aided by market recovery.
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CORRECTED-FTSE 100 set to snap two-week winning streak as lockdowns, Brexit weigh
Published 16/10/2020, 08:19
CORRECTED-FTSE 100 set to snap two-week winning streak as lockdowns, Brexit weigh
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