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London close: Markets finish firmer on Brexit deal chatter
Wed, 23rd Dec 2020 16:15
(Sharecast News) - London stocks popped higher by the close on Wednesday, as sterling was lifted by reports that a Brexit deal between the UK and the EU was all but announced.
The FTSE 100 ended the session up 0.66% at 6,495.75, and the FTSE 250 was 1.74% firmer at 20,297.76.
Sterling was well into the green against its major trading pairs, last rising 1.11% on the dollar to $1.3509, and strengthening 0.84% against the euro to €1.1078. Increased chatter than the UK and the EU will reach a trade deal has boosted sentiment, said CMC Markets analyst David Madden.
National Extra Leaving the EU’s single market and customs union, with at best a few days notice of the terms on which the UK is leaving, is a recipe for a harder, more costly border
THE European Commission on Tuesday stepped into the border chaos caused by wide-ranging EU travel bans on those coming from the UK and the French block on freight, calling for full bans to be lifted. The France-UK border closure has been painful and damaging but also brings sharply into focus the reality of the interdependence of the UK and EU economies. Brexiteer illusions of a stand-alone sovereign independence have been exposed for what they are – ideological fantasies.