Pound firms, top London stocks retreat
The British pound firmed against the dollar and euro yesterday and London stocks dropped, as traders awaited a confidence vote on British Prime Minister Theresa May's government after parliament voted massively against its Brexit deal. The pound’s rise “would appear to reflect some expectation that... the prospect of no-deal may have been diminished”, said Bank of England governor Mark Carney. The rising pound tends to weigh on London’s benchmark FTSE 100 index since it features many multinationals who earn vast sums in dollars and euros. Читать дальше...