Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

FTSE 100 slips as stronger pound, subdued consumer spending data weigh

Published 02/09/2021, 04:15 PM
Updated 02/09/2021, 04:20 PM
© Reuters.
UK100
-
BWY
-
FTMC
-
FTNMX501010
-
FTNMX452010
-
FTNMX404010
-
OCDO
-
DXY
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 0.2%, FTSE 250 adds 0.1%

Feb 9 (Reuters) - London's FTSE 100 fell on Tuesday after a
solid start to the week, as a stronger pound outweighed a set of
upbeat earnings, while data showed a nationwide lockdown hurt
consumer spending in January.
The blue-chip FTSE 100 .FTSE was down 0.2%, with food and
drug retailers .FTNMX5330 and construction .FTNMX2350 stocks
being the worst performers. The mid-cap FTSE 250 .FTMC gained
0.1%
The pound jumped to a near 34-month high, weighing on the
export-heavy index, as the dollar .DXY languished near its
lowest in a week. The retail index .FTNMX5370 fell 0.2% after surveys showed
British consumer spending plunged at the fastest rate in seven
months.
Bellway Plc BWY.L rose 2.8% after the homebuilder
reported strong demand for new homes, as low lending rates and a
temporary cut in stamp duty boosted activity in the sector.
Ocado Group OCDO.L dropped 3.8%, even after the online
grocer and technology group reported a 69% increase in 2019-20
core earnings.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.