Tag: Sterling

Sterling set for fourth weekly loss ahead of parliamentary Brexit vote

Sterling set for fourth weekly loss ahead of parliamentary Brexit vote

The FTSE 100 surged past the 6,800 mark as it aims to reconsolidate yesterday’s losses, up 1.576pc at 6,809.70, while US stocks were expected to open lower. Brent crude was up 0.57pc to $60.40 as Russia seemed likely to contribute larger cuts to the OPEC+ deal, although gains were limited […]

FTSE 100 at two year low

FTSE 100 at two year low

The FTSE 100 fell to its lowest level since December 2016, down 2.303pc at 6,762.41, as a selloff in Asia gained momentum, with miners and oil companies amongst the worst affected. Brent crude was down 2.29pc at $60.15 during midday trading having plummeted to $58.60 during the morning session, presenting […]

UK stocks drop at JP Morgan increase odds on no deal Brexit

UK stocks drop at JP Morgan increase odds on no deal Brexit

The FTSE 100 dropped below the 7,000 mark after it dropped 1.107pc to 6,945.02 as US investment bank JP Morgan increased its odds on a no deal Brexit to 40%. Heavy losses across the mining sector dragged the FTSE 100 lower with Anglo America, Antofagasta and BHP down 1.93pc, 1.94pc […]

Brent crude gains ahead of OPEC meeting

Brent crude gains ahead of OPEC meeting

The FTSE 100 was down 0.507pc at 7,026.58 due to a slowdown in the British economy after concerns over Brexit fail to cooldown as the Bank of England’s Mark Carney defends the bank’s warning of a major economic hit from Brexit in parliament. Brent crude extended its gains to $63.10, […]

Miners and oil stocks help FTSE 100 surge

Miners and oil stocks help FTSE 100 surge

The FTSE 100 surged 2.045pc at 7,123.03 after Washington and Beijing agreed a ceasefire in the trade conflicts that have weighed heavily on the markets. Miners and oil giants helped drive the surge of the FTSE 100, led by Anglo American and Antofagasta up 6.49pc and 7.60pc respectively, while BP […]

World stocks up on Federal Reserve comments

World stocks up on Federal Reserve comments

The FTSE 100 was up 0.651pc at 7,050.10 following an overnight rally on Wall Street after suggestions from the Federal Reserve that the US could be close to the end of its rate rising cycle, which drove global stocks to their highest levels in more than two weeks. International benchmark […]

Miners drag on the UK index

Miners drag on the UK index

The FTSE 100 was down 0.372pc at the end of the morning session with miners amongst the biggest losers on the UK index as Antofagasta, BHP and Riot Tinto dropped 1.86pc, 1.81pc and 2.03pc respectively. Brent crude edged 0.66pc higher to break the $60 mark at $60.88 on expectations that […]

Brent crude rebounds

Brent crude rebounds

The FTSE was up 0.925pc at 7,017.19 during midday trading, having reached 7,032.42 earlier in the session as all major sectors rose, including financial and resource groups. BHP was amongst the few big losers on the strong FTSE 100, down 1.81. Brent crude rebounded to reach $59.83, up 1.75pc, after […]