Sterling has tended to move in line with election expectations for the Conservatives, ever since Johnson reached a pact with the European Union to exit. The risk to financial markets is less that Corbyn’s Labour Party would win outright but that the Conservatives won’t secure a majority.
meanwhile dropped 0.91% to 7257.00, with stock markets across Europe reflecting worries the U.S. won’t reach a trade pact with China after the U.S. Senate easily passed legislation supporting human rights in Hong Kong.
shares slumped 5.7% as the operator of home-improvement stores reported a 3.7% decline in comparable-store sales in the quarter ending October 31. The retailer blamed continuing disruption from new range implementations, lower promotional activity and ongoing operational challenges in France, as well as softer market conditions in the main markets, for the downturn.
shares surged 10% despite a warning from the maker of tonic water, which said revenue for the fiscal year would range between £266 million and £268 million. This was below the FactSet-compiled analyst consensus of £271.6 million. Fevertree said growth accelerated in its main growth markets of the U.S. and Europe. However, its U.K. performance in so-called off-trade businesses like supermarkets was behind expectations, which the company attributed to a slowdown in consumer spending.