Sterling took another Brexit battering on Friday as currency traders took a dim view of Theresa May’s impromptu speech playing up the prospects of Britain crashing out of the EU without a deal.
The FTSE 100 enjoyed another day in positive territory on Thursday as it took its cue from across the pond, where US markets hit record highs.
European shares rallied on Tuesday as trade war fears cooled, but the boost was not enough to keep London’s top-flight out of the red.
The pound shrugged off further Brexit developments to notch up a rise on Monday.
The FTSE 100 ended in positive territory on Friday as traders sounded a note of cautious optimism following weeks of fretting over global trade.
The pound climbed against the dollar on Thursday after a surprise fall in US inflation trumped a cautious outlook from the Bank of England.
London’s blue-chip index climbed back above the 7,300 mark on Wednesday as rising oil prices helped to push up commodity stocks.
Sterling jumped to a six-week high on Monday after Michel Barnier signalled that a Brexit deal is within sight.
The FTSE 100 was knocked on Wednesday following a surge in the pound sparked by reports of a pending Brexit deal.
Property website Rightmove looks on course to be booted out of London’s blue chip share index this week after suffering from a stalling housing market and increased competition.
Sterling received a much needed boost on Wednesday following comments from Michel Barnier suggesting that the European Union is ready to offer the UK a bespoke Brexit deal.
Sterling came under renewed pressure on Tuesday as fears of a no-deal Brexit again weighed heavily on the British currency.
Stock market flotations are showing “no sign of slowing” with the number of listings in 2018 set to beat the past two years despite Brexit fears, according to share services firm Equiniti.
Commodity stocks were on the rise on Friday, with a rebound in metal and oil prices lifting crude producers and UK-listed miners.
Oil prices have reached a two-week high following a report that showed a drop in crude inventories in the US.
The FTSE 100 started to bounce back on Monday as investors held out hope for US-China trade talks later this week.
The FTSE 100 eked out gains on Friday but still ended the week lower after a rollercoaster stretch that had investors concerned that Turkey’s financial woes could impact Europe.
The FTSE 100 bounced back on Thursday as fears over Turkey’s currency crisis and slowing growth in China eased.
More than £29 billion was knocked off the value of the FTSE 100 on Wednesday as fears over Turkey’s lira crisis and slowing growth in China spooked investors.
The FTSE 100 spent another session in the red as jitters over Turkey’s financial crisis continued to dampen appetite for European stocks.