London Stock Exchange rejects after Brexit news – E24



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Announcements of an imminent Brexit deal characterize European stock exchanges on Christmas Eve. After rising in early trading, the London Stock Exchange is down, while the pound is rising in value.

The pound increases against the dollar and the euro on Christmas Eve.

Terje Bendiksby / NTB

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Optimism over a possible Brexit deal between the UK and the EU marked the first trading on European stock exchanges on Christmas Eve.

The parties have negotiated overnight and there have been reports that a possible deal could be announced during the day. At the same time, fishing is said to have created a tangle in the negotiations.

The London Stock Exchange, which has been in positive territory earlier in the day, is down. At the same time, the pound has risen in value throughout the day and is now trading at 1.1 against the euro, up 0.6 percent. Against the dollar, the pound was up 0.66 percent to 1.35.

This is how it is on the European stock exchanges at 12:20 on Christmas Eve:

  • FTSE 100 in London down 0.19 percent
  • CAC 40 in Paris rises 0.06 percent
  • The IBEX 35 in Madrid rises 0.23 percent

Ian Cheshire, chairman of the large British bank Barclays, tells the BBC that a Brexit deal will allow companies to plan for the future.

– I’m very happy that it looks like we can continue our most important business relationship, he says.

And banks are among the stocks rising on the London Stock Exchange. As of this writing, Barclays is up 2.28 percent, Lloyds is up 4.55 percent, while Natwest is up 1.68 percent.

The German and Italian stock exchanges are closed on Christmas Eve.

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