{"id":134150,"date":"2020-12-15T20:10:00","date_gmt":"2020-12-15T17:10:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pound-rallies-but-ftse-100-slips-as-covid-19-and-brexit-uncertainty-collide\/"},"modified":"2020-12-15T20:10:00","modified_gmt":"2020-12-15T17:10:00","slug":"pound-rallies-but-ftse-100-slips-as-covid-19-and-brexit-uncertainty-collide","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pound-rallies-but-ftse-100-slips-as-covid-19-and-brexit-uncertainty-collide\/","title":{"rendered":"#\n  Pound rallies but FTSE 100 slips as COVID-19 and Brexit uncertainty collide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40fc4957a5b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40fc4957a5b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/pound-rallies-but-ftse-100-slips-as-covid-19-and-brexit-uncertainty-collide\/#Callum_Keown\" >Callum Keown<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Pound rallies but FTSE 100 slips as COVID-19 and Brexit uncertainty collide<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000100715\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       The U.K.\u2019s blue-chip index slipped on Tuesday, as London prepared to enter tougher COVID-19 restrictions and the prolonged Brexit trade deal talks strengthened the pound.\u00a0\u00a0<\/p>\n<p> The FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"negative\">-0.28%<\/bg-quote><br \/>\n       index fell 0.3%, as millions of people prepared for stricter COVID-19 restrictions set to come into force at midnight. London and other parts of southeast England will move into tier 3 \u2014 the toughest level of restrictions \u2014 on Wednesday, in a bid to combat surging cases.<\/p>\n<div class=\"paywall\">\n       The internationally-exposed index was also hurt by the stronger pound<br \/>\n        GBPUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210561263\/realtime\/sampled\" class=\"positive\">+0.71%<\/bg-quote><span>,<\/span><br \/>\n       which rose 0.8% against the U.S. dollar to $1.3430, extending Monday\u2019s rally.<\/p>\n<p>It comes after U.K. and European Union leaders promised to \u201cgo the extra mile\u201d in Brexit trade deal talks on Sunday, extending negotiations into this week. The U.K. left the EU on Jan. 31, but the two sides must reach a deal over their future trading relationship before the transition period ends on Dec. 31 to avoid a \u2018no-deal\u2019 scenario. The more domestically-exposed FTSE 250<br \/>\n        MCX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598417\/delayed\" class=\"positive\">+0.45%<\/bg-quote><br \/>\n       rose 0.5%.<\/p>\n<p>While the U.K.\u2019s economic future remained in the balance, the economic impact of the COVID-19 pandemic was laid bare for all to see on Tuesday. The country\u2019s unemployment rate rose to 4.9% in the three months to October, as the number of redundancies hit a record 370,000 in the same period.<\/p>\n<p>ING developed markets economist James Smith said U.K. jobs data could get worse in the coming months. \u201cWe think that unemployment will have risen further in the final months of 2020, and could reach 6% by the end of the year. There is a risk of a more pronounced rise in 2021 depending on how\/when the current level of wage support is removed \u2014 and whether those sectors that have remained close since March, such as nightlife and events, are able to reopen at that point,\u201d he said.<\/p>\n<p>Despite the country\u2019s vaccine rollout continuing, the near-term reality of COVID-19 was also in investors\u2019 minds. Health secretary Matt Hancock added to concerns, as he said a new variant of coronavirus had been identified in the U.K., possibly explaining the fast spread of cases in the south of England.<\/p>\n<p>The government also came under renewed pressure on Tuesday to rethink the proposed relaxation of COVID-19 rules for five days over Christmas, with both the Mayor of London Sadiq Khan and the Labour Party leader Keir Starmer calling for the decision to be reviewed. European neighbors Germany and the Netherlands have both announced stricter measures in recent days ahead of Christmas. The U.K. plans to allow up to three households to meet indoors between Dec. 23 and Dec. 27.<\/p>\n<p>JD Sports<br \/>\n        JD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207007202\/delayed\" class=\"positive\">+3.04%<\/bg-quote><br \/>\n       was the FTSE 100\u2019s biggest riser as the sports-fashion company said it had bought U.S. footwear retailer Shoe Palace for $325 million.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Callum Keown\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Callum_Keown\"><\/span>Callum Keown<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D1896B1331E7%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Pound rallies but FTSE 100 slips as COVID-19 and Brexit uncertainty collide &#8221; The U.K.\u2019s blue-chip index slipped on Tuesday, as London prepared to enter tougher COVID-19 restrictions and the prolonged Brexit trade deal talks strengthened the pound.\u00a0\u00a0 The FTSE 100 UKX, -0.28% index fell 0.3%, as millions of people prepared for stricter COVID-19&#8230;<\/p>\n","protected":false},"author":1,"featured_media":134151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-134150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/134150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=134150"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/134150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/134151"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=134150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=134150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=134150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}