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FTSE 100 Live: Pound Sinks Closer to $1.23, UK Stocks Set to Rise
FTSE 100 futures are up 0.2%, pointing to a second day of gains for the index after it avoided the selloff that hit the midcap FTSE 250 yesterday. The latter closed 2% lower, its worst decline since the selloff in August and at the weakest level since May.
FTSE closes higher as pound falls to 14-month low after bond sell-off
A weak pound ( GBPUSD=X) managed to help the FTSE 100 ( ^FTSE) outperform against its European peers on Thursday, with the currency hitting a 14-month low in early trading. Sterling has lost a cent against the US greenback, extending its recent losses and falling below $1.23 to its lowest level since November 2023.
FTSE 100 Live: London stocks volatile as pound slumps to 2023 levels, M&S and Greggs tumble
The Greggs PLC (LSE:GRG) update has seen its shares crumble 10% to the lowest since October 2023. Analyst Darren Shirley at Shore Capital says the year-end statement "is softer than our expectations" as it reflects what the company calls "more subdued" high street footfall.
Greggs sales growth slows amid weaker footfall 07:44 , Graeme Evans Greggs said like-for-like ...
The U.K. market is up in positive territory Thursday morning, led by gains in the mining sector, even as stocks from the retail ...
The UK's FTSE 100 slipped on Tuesday as declines in banking stocks offset gains in energy shares, and the market awaited ...
Next has offset more forecast-beating festive sales figures by warning of slower UK growth and price hikes in 2025. A surge ...
Hornby, Topps Tiles and ProCook are in the spotlight after posting updates. Chief executive Olly Raeburn said: “Our ...
FTSE 100-listed trainer and sportswear specialist JD Sports Fashion was on the back foot through most of 2024. But Harvey ...
The UK's FTSE 100 inched up on Monday, joining a broad rally in European stocks after a report hinted at measured tariffs ...
U.K. stocks are moving in a very tight range Wednesday morning as investors wait for directional clues. Activity is mostly stock ...
The FTSE 100 index has remained in a tight range in the past few months, underperforming top peers like the S&P 500 and ...
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