for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

FTSE 100 dips as stronger pound, Brexit uncertainty weigh; HomeServe shines

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 down 0.1%, FTSE 250 adds 0.2

Nov 17 (Reuters) - London’s FTSE 100 hovered around its five-month high on Tuesday as a stronger pound pressured exporters, while investors remained cautious about a post-Brexit trade deal with the European Union.

The blue-chip index dipped 0.1% as a stronger pound weighed on dollar earners such as consumer staple stocks, while the domestically-focussed mid-cap FTSE 250 added 0.2%.

A media report said Britain’s chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal “early next week”, a day after EU diplomats warned that time was fast running out for a Brexit deal.

In company news, home repair services provider HomeServe Plc added 2.6% after it posted a 16% rise in first-half adjusted profit and raised its interim dividend by 7%. (Reporting by Devik Jain in Bengaluru; Editing by Bernard Orr)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up