The mood simmered on UK markets on Friday as the dust settled on a tumultuous week in British politics.
The pound has steadied after enduring its biggest one-day decline for more than two years amid Thursday’s Brexit deal chaos.
The pound plummeted on Thursday as a series of ministerial resignations dealt a blow to Theresa May’s Brexit deal.
Brexit jitters were hanging over the markets on Wednesday as traders awaited the result of Theresa May’s attempts to get a draft Brexit deal past her Cabinet.
Oil prices resumed their decline on Tuesday as Donald Trump urged Saudi Arabia and other major oil exporters not to cut production, weighing on FTSE 100 firms.
The pound had a volatile trading period on Monday amid the latest Brexit headlines, recovering from an early sell-off on the back of comments by Michel Barnier before taking a weaker turn.
Rumours of an agreement between the UK and EU on financial services sent the pound higher on Thursday, supported by the outlook from the Bank of England as it maintained interest rates.
Top-flight shares in London surged ahead on Wednesday as global sentiment picked up.
Top-flight shares in London dodged a day of declines on European markets on Tuesday, as the weaker pound and some positive company updates supported the FTSE 100.
The climax of a “bearish” week on the markets saw £16.7 billion wiped off the value of the FTSE 100 on Friday, following several days of volatility.
The pound dipped again on Wednesday as Brexit tensions and questions around Theresa May’s leadership fuelled uncertainty.
The FTSE 100 hit a seven-month low on Tuesday amid a “horrible” day for European markets.
The pound dropped on Monday after Prime Minister Theresa May said that 95% of the Brexit deal had been agreed, but that issues including the Irish border were still not settled.
Sterling was given a lift on Tuesday after official figures showed that British workers enjoyed the strongest wage growth since the financial crisis.
The FTSE 100 failed to hold on to its early gains on Friday, sliding back into the red.
The FTSE 100 was back in positive territory on Friday as global stock markets tentatively recovered from a widespread sell-off.
Over £36 billion was wiped of London’s blue chip index on Thursday amid a painful global sell-off as US President Donald Trump hit out at “crazy” US interest rate hikes.
London’s blue chip share index has nosedived another 1.7% lower amid a painful global sell-off as US President Donald Trump hit out at “crazy” US interest rate hikes.
The FTSE 100 fell to a six-month low as political jitters and global trade spats sent global equities into the red.
The pound hit a four-month high against the euro on Tuesday amid reports that EU and UK authorities could reach a Brexit divorce deal as early as next week.