BUSINESS CLOSE: Markets and pound fall as Brexit talks go to the wire

BUSINESS CLOSE: Markets and pound fall as Brexit talks go to the wire; Retail sales fall 3.8%; Ashley’s Frasers Group pulls out of Mulberry takeover

UK stock markets and the pound fell today as as both US stimulus talks and UK-EU trade talks entered the final stretch.

The FTSE 100 ended the day down 0.3 per cent at 6,529, while the domestically focused FTSE 250 fell 0.9 per cent to 20,116.

The pound reversed some of its recent gains, falling 0.5 per cent against the dollar and 0.25 per cent against the euro, with £1 buying $1.35 and €1.10.

UK retail sales volumes fell by 3.8 per cent in November as stores were forced to temporarily close during England’s second national lockdown, new figures from the Office for National Statistics show. 

Consumer confidence jumped by the most in eight years in December due partly to the launch of the country’s Covid-19 vaccine programme, according to a survey by market research firm GfK. The consumer confidence index from rose to -26 from -33 in November.

Frankie and Benny’s owner Restaurant Group said its first quarter of 2021 will be ‘extremely challenging’ after tough coronavirus restrictions were announced in large areas of England to tackle the rising number of infections. 

UK retail sales volumes declined in November as stores were forced to temporarily close

UK retail sales volumes declined in November as stores were forced to temporarily close

Source link

Add a Comment