⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

UK stocks jump with Brexit trade deal in sight

Published 12/24/2020, 04:18 PM
Updated 12/24/2020, 04:20 PM
© Reuters.
UK100
-
LLOY
-
PSN
-
TW
-
FTMC
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.4%, FTSE 250 adds 0.7%
* No stock market report on Dec 25, 28 due to holidays

Dec 24 (Reuters) - UK shares rose on Thursday as Britain and
the European Union inched closer to striking a post-Brexit trade
deal, averting a chaotic separation with only seven days left
for the transition period to expire.
The blue-chip FTSE 100 .FTSE rose 0.4% by 0809 GMT with a
jump in sterling keeping gains in check.
Brexit-sensitive banks and homebuilders were among the top
gainers on the index, with Lloyds Banking Group LLOY.L , Taylor
Wimpey TW.L and Persimmon PSN.L rising the most.
The domestically focused FTSE 250 index .FTMC , considered
a proxy to Brexit sentiment, jumped 0.7% to hit a fresh February
high.
Sources in London and Brussels said a deal was on the cusp
of being struck as British Prime Minister Boris Johnson held a
late-night conference call with his Cabinet of senior ministers,
and negotiators in Brussels pored over reams of legal trade
texts. UK markets will close early on Thursday and remain closed
for Christmas and Boxing Day on Friday and Monday.

Latest comments

Loading next article…
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.