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FTSE 250 Outperforms FTSE 100 on Brexit Developments

FTSE 100 Evaluation and Information

Agency GBP sees FTSE 250 Outperform FTSE 100

Beware as UK and EU Officers Pour Chilly Water on Brexit Hopes

See our This autumn forecasts to be taught what’s going to drive worth motion by way of the quarter

Agency GBP sees FTSE 250 Outperform FTSE 100

In a single day, the most recent wave of Brexit optimism stemmed from studies within the Occasions that the UK and EU have tentatively agreed deal on some types of entry for UK based mostly monetary establishments to European markets. This in flip has seen the FTSE 250 outperform the FTSE 100, given its bigger publicity to home developments. Whereas the FTSE 100 can be lagging its friends because the stronger GBP weighs on FTSE 100 profitability resulting from the truth that two thirds of the income generated from the highest 100 firms are generated abroad. Sometimes, when GBP rises, the FTSE 100 will lag the FTSE 250.

Beware as UK and EU Officers Pour Chilly Water on Brexit Hopes

Within the final hour nevertheless, a UK official reportedly said that the Occasions report on banks Brexit deal is “unsubstantiated”, whereas a senior EU negotiator has poured chilly water on hopes Brexit deal might be reached inside three weeks, highlighting that nothing has modified. Consequently, slight features within the Pound have been pale, which in flip has diminished the outperformance of the FTSE 250 relative to the FTSE 100.

FTSE 250 Outperforms FTSE 100 on Brexit Developments

Supply: Refinitiv. Unfold between the FTSE 100 over the FTSE 250 in a 2-yr timeframe, which is in contrast with GBPUSD, exhibiting the results that GBPUSD has on the efficiency of UK property.

Brexit Evaluation

KEY TRADING RESOURCES:

— Written by Justin McQueen, Market Analyst

To contact Justin, e mail him at Justin.mcqueen@ig.com

Comply with Justin on Twitter @JMcQueenFX


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