London Markets: U.K. stocks add to loss as pound jolts higher on Barnier’s Brexit comments [MarketWatch]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
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Source: MarketWatch
U.K. stocks add to loss as pound jolts higher on Barnier’s Brexit comments The U.K. equity benchmark added to declines in late-trade Wednesday after the European Union’s top Brexit negotiator hinted at a detente, according to a report, in testy negotiations as Britain attempts to exit from out of the trading bloc with a new trade pact. Uncertainty around the outcome of those talks have been the source of volatility in U.K. markets and sterling. The FTSE 100 Index UKX, -0.68% retreated 0.9% at 7,548.66, after closing Tuesday’s session up 0.5% for its best daily gain since Aug. 16. If it holds, the current decline would mark the worst daily drop in about two weeks. Continental European stocks traded slightly higher , and U.S. stocks showed gathered some momentum in late-morning trade, with the S&P 500 index SPX, +0.52% and Nasdaq Composite Index COMP, +0.83% both carving out intraday records. The British pound GBPUSD, +1.0022% was bounced higher after comments on Brexit from
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NGG
Sec Filings
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- 3/28/24 - Form 6-K
- NGG's page on the SEC website