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FTSE 100 up as pound dips over no-deal Brexit fears

Published 07/12/2020, 09:13
Updated 07/12/2020, 09:18
© Reuters.
UK100
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FTMC
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TED
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(For a Reuters live blog on U.S., UK and European stock
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* FTSE 100 up 0.3%, FTSE 250 down 0.1%

Dec 7 (Reuters) - The exporter-heavy FTSE 100 edged up on
Monday, as the pound dipped on fears that Britain's transition
period out of the European Union would expire without the two
sides agreeing on a free trade deal.
The blue-chip FTSE 100 .FTSE was up 0.3% by 0802 GMT and
was set for a sixth straight session of gains as Britain also
prepared to roll out Pfizer-BioNTech COVID-19 vaccine this week.
The mid-cap FTSE 250 .FTMC , considered a barometer of
Brexit sentiment, dipped 0.1%, led by the industrials and
consumer discretionary sectors.
Britain and the European Union will make a last-ditch
attempt to strike a post-Brexit trade deal this week, striving
to solve key sticking points in fishing, governance rules and
dispute resolution. Fashion retailer Ted Baker TED.L slipped 1.5% as its
half-year losses ballooned due to coronavirus-led lockdowns
denting retail sales.

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