Home Brexit Pound rebound lifts UK stocks

Pound rebound lifts UK stocks

by LLB Editor
4th Sep 19 10:06 am

Boris Johnson’s Commons vote defeat put a new lease of life into the pound, sending the UK currency up 0.55% against the dollar at $1.2152 and up 0.35% against the euro at €1.1051.

The FTSE 250 was a key beneficiary with UK retailers Dunelm, B&M and Dixons Carphone among the biggest risers on the mid-cap index.

The FTSE 100 also marched forward with a 0.7% gain to 7,319. Investors were attracted to UK stocks that had recently gone through a very tough patch including Prudential, Marks & Spencer and International Consolidated Airlines.

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