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UK stocks jump with Brexit trade deal in sight

Published 24/12/2020, 09:18
© Reuters.
UK100
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LLOY
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PSN
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TW
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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 up 0.4%, FTSE 250 adds 0.7%
* No stock market report on Dec 25, 28 due to holidays

Dec 24 (Reuters) - UK shares rose on Thursday as Britain and
the European Union inched closer to striking a post-Brexit trade
deal, averting a chaotic separation with only seven days left
for the transition period to expire.
The blue-chip FTSE 100 .FTSE rose 0.4% by 0809 GMT with a
jump in sterling keeping gains in check.
Brexit-sensitive banks and homebuilders were among the top
gainers on the index, with Lloyds Banking Group LLOY.L , Taylor
Wimpey TW.L and Persimmon PSN.L rising the most.
The domestically focused FTSE 250 index .FTMC , considered
a proxy to Brexit sentiment, jumped 0.7% to hit a fresh February
high.
Sources in London and Brussels said a deal was on the cusp
of being struck as British Prime Minister Boris Johnson held a
late-night conference call with his Cabinet of senior ministers,
and negotiators in Brussels pored over reams of legal trade
texts. UK markets will close early on Thursday and remain closed
for Christmas and Boxing Day on Friday and Monday.

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