Home Brexit Pound takes a step back amid Brexit deadlock

Pound takes a step back amid Brexit deadlock

by LLB Editor
9th Sep 19 9:32 am

The pound took a step back as the markets digested comment over the weekend that Boris Johnson will go to court to challenge law blocking a no-deal Brexit. The currency fell 0.4% against the euro to €1.1100 and dipped 0.25% against the US dollar to $1.2257.

“This wasn’t enough to put the FTSE 100 off course, with the blue chip index rising 0.5% to 7,315, thanks to strength in utilities, oil and telecoms stocks.

“The more UK-focused FTSE 250 index also advanced, up 0.3% to 19,764 with some help from bid chatter around Intu Properties and strength in various investment vehicles,” says Russ Mould, investment director at AJ Bell.

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