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UK stocks rally as Brexit fears fade

Discussion in 'Market News' started by Lily, Oct 3, 2016.

  1. Lily

    Lily Forum Member

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    Upbeat manufacturing data and confirmation over timing of EU departure ease gloom

    UK stock markets rallied on Monday, taking the FTSE 100 to a 16-month high after the government set a date for triggering Brexit negotiations and a closely watched survey suggested businesses continued to shrug off the EU referendum result.

    Shares were boosted by a combination of more reassuring news on the economy, new certainty about the timing of the Brexit process and a drop in the pound, which flatters the earnings of those UK-listed firms reporting in dollars.

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