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FTSE 100 slips as time runs out for Brexit deal

Published 08/12/2020, 09:18
Updated 08/12/2020, 09:24
© Reuters.
UK100
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BP
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FTMC
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 0.4%, FTSE 250 flat

Dec 8 (Reuters) - London's blue-chip FTSE 100 index slid on
Tuesday over fears of a no-deal Brexit as time runs out for
Britain and the European Union to agree on a trade deal.
The exporter-heavy FTSE 100 .FTSE fell 0.4% by 0804 GMT
despite a weakening pound, after hitting a fresh nine-month high
in the previous session. GBP/
The mid-cap FTSE 250 .FTMC , considered a barometer of
Brexit sentiment, was flat, helped by a rebound in homebuilders.
British and EU leaders will meet face-to-face to try to seal
a post-Brexit trade deal after failing again to narrow their
differences on Monday, with just over three weeks before Britain
completes its journey out of the bloc. The decline in the broader market came as Britain began
rolling out the COVID-19 vaccine developed by Pfizer and
BioNTech - the first Western country to start vaccinating its
general population. Among individual movers, BP BP.L and Royal Dutch Shell
BP.L lost almost 1% as oil prices fell over fears of fresh
coronavirus lockdowns affecting demand.

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