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FTSE 100 dips as stronger pound and Brexit uncertainty weigh

Written by Business World, on 17th Nov 2020. Posted in World

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London's FTSE 100 hovered around its five-month high on Tuesday as a stronger pound pressured exporters, while investors remained cautious about a post-Brexit trade deal with the European Union.

The blue-chip index dipped 0.1% as a stronger pound weighed on dollar earners such as consumer staple stocks, while the domestically-focussed mid-cap FTSE 250 added 0.2%.

A media report said Britain's chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal "early next week," a day after EU diplomats warned that time was fast running out for a Brexit deal.

In company news, home repair services provider HomeServe Plc added 2.6% after it posted a 16% rise in first-half adjusted profit and raised its interim dividend by 7%. (Reuters)

Source: www.businessworld.ie

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