Britain's main index edged higher on Friday, led by financial stocks, but l...
Shares of Diageo , sensitive to moves in sterling, lost 2%. Reuters reported on Thursday that unions were demanding a 5% pay rise for workers due to go on strike in Scotland later this month.rose 0.4%, tracking gains in the local currency that has strengthened in recent weeks as steps by lawmakers to prevent a no-deal soothed nerves concerning a chaotic departure., considered a barometer of Brexit sentiment, jumped 0.
“That and, perhaps, John Bercow’s promise to ‘creatively’ stop a no-deal Brexit if Boris Johnson decides to ignore the law preventing such an option,” Spreadex analyst Connor Campbell said. Stocks vulnerable to a hit from Brexit advanced in early deals. Lloyds , the country’s biggest lender, rose 3% and housebuilders .FTNMX3720 climbed to levels not seen since late July.
The FTSE 100 is set for its third straight week of gains as hopes for more stimulus and signs of improvement in global trade relations have helped the index recover after suffering its biggest monthly fall this year in August. On the trade front, U.S. President Donald Trump said late on Thursday that he preferred a comprehensive trade deal with China, although he did not rule out the possibility of an interim pact.
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