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The fall of the pound drives 0.44% to the London Stock Exchange

The fall of the pound drives 0.44% to the London Stock Exchange


A further drop in the price of the British pound against the dollar and the euro on Thursday boosted 0.44% to the main index of the London Stock Exchange, whose multinationals often benefit from the setbacks of British currency

The FTSE-100 rose 0.44%, 33.07 points, to 7,573.82 points, while the secondary FTSE-250, more focused on British companies, advanced only 0.01%, 3.01 points, up to 21,666.14 points.

At the close of the stock market, the pound lost 0.46% against the euro, up to 1.1716 euros, and 0.35% against the US dollar, up to 1.3032 dollars.

The British currency has been weighed down in recent days for fear that the United Kingdom will break all ties with the European Union in December 2020 without having managed to negotiate a full trade agreement with Brussels.

In that context, the miner Glencore (LON: GLEN ) led the gains in London , advancing 2.33%, while the DIY retailer Kingfisher (LON: KGF ) rose 2.09%, the pharmaceutical company AstraZeneca (LON : AZN ) 2.06%, betting firm Flutter Entertainment 2.04% and investment manager Scottish Mortgage Investment Trust 1.92%.

On the other hand, the NMC Health utility led the losses, with a fall of 11.13%, while the publisher Pearson (LON: PSON ) fell 6.11%, the financial Hargreaves Lansdown 3.19%, the tour operator TUI (DE: TUIGn ) AG 3.03%, and the Burberry Group textile (LON: BRBY ) 1.69%.

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