FTSE 100: Index opens lower as gitters spark stocks sell-off – Opening at 6,003 points

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FTSE 100: Index opens lower as gitters spark stocks sell-off – Opening at 6,003 points

Stocks dipped slightly yesterday as the index saw nine points wiped off. However, it remained just above the 6,000 level after stocks rallied earli

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Stocks dipped slightly yesterday as the index saw nine points wiped off. However, it remained just above the 6,000 level after stocks rallied earlier in the week.

At opening this morning the London index sits at 6,003.

A weakened pound due to uncertainties over Brexit has helped boos the market.

The pound is at its lowest value against the euro in six months.

As tensions continue to boil over today, the pound may weaken further and help boost investment in FTSE 100 firms.

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6.05am update: Re-cap of Thursday’s trading

British stock indexes closed lower on Thursday as disagreements over Brexit terms between Prime Minister Boris Johnson’s government and the European Union sowed concern about a messy British departure.

The mid-cap FTSE 250, considered a barometer of Brexit sentiment, fell 0.1% with furnishing retailer Dunelm dragging the most on a decline in its annual profit.

The domestically-focussed index was still reeling from losses after surging COVID-19 cases sparked new curbs on social activity in England, hitting shares of restaurant and pub firms.

Talks between Britain and the European Union on the relationship after the Brexit transition period concludes at the end of this year, which came to the forefront this week, hit a snag after Johnson’s government refused to scrap a plan that could break their exit treaty.

The blue-chip FTSE 100 index shed 0.2% as gains in consumer discretionary stocks were offset by losses in healthcare and consumer staples.



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