Britain's FTSE gets sterling boost as earnings shuffle into view [Reuters]
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Source: Reuters
Britain's FTSE gets sterling boost as earnings shuffle into view | Reuters Reuters Staff 3 Min Read (For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.6 pct * Pound down after Trump skewers trade deal hopes * Updates boost DCC, Hays shares By Kit Rees LONDON, July 13 (Reuters) - Britain’s leading share index rose on Friday, buoyed by a weaker pound which slipped after U.S. President Donald Trump threw cold water on a hopes for a U.S. trade deal. The blue chip FTSE 100 index was up 0.6 percent at 7,697.20 points by 0845 GMT, while mid caps also gained 0.6 percent. President Trump directly criticised Prime Minister Theresa May’s Brexit strategy, saying her proposals had probably killed off hope of a U.S. trade deal and that she had failed to take his advice on how to negotiate with the European Union. Sterling fell, which helped the FTSE’s dollar-earnings constituents such as consumers stocks Diageo, British American Tobacco and Unilever push higher
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