Re: FTSE 10011 Oct 2018 12:47
The FTSE 100 retreated by 1.3 percent while the pan-European STOXX 600 fell 1.6 percent as tech stocks suffered their worst day since the 2016 Brexit vote and investors became anxious about rising yields impacting equities.
The top UK index fell as sterling hit a new 3-1/2 month high on reports that Britain and the European Union had made progress in negotiations over an Irish border backstop, a key hurdle in reaching a deal on Britain’s planned departure from the EU in March next year.
“After a summer of heightened tensions, which saw the markets pricing in the increasing likelihood of a no-deal Brexit, it appears that both the EU and UK are now prepared to commit to some form of deal,” said Ricardo Evangelista, analyst at ActivTrades in London.
---------- So if a deal makes the FTSE 100 go down then a no deal should make the FTSE 100 rally ? umm I don't think so.----------