London's export-heavy FTSE 100 fell on Wednesday as the pound jumped following optimistic comments about a post-Brexit trade deal, while investors weighed a rise in inflation and prospects of more coronavirus restrictions in England.
London stocks closed higher on Tuesday as investors remained hopeful of a trade deal with the European Union by year-end, although gains were capped by concerns over tougher coronavirus lockdowns in parts of England.
British midcaps edged higher on Monday on signs that Brexit-trade talks between the UK and European Union were intensifying, although gains were capped due to concerns over tougher business restrictions in Britain.
The FTSE 100 snapped a four-day losing streak on Friday after an upbeat coronavirus vaccine update from Pfizer and signs Brexit talks might continue until the year end for a possible trade deal with the European Union.
London's FTSE 100 fell to a near-two week low on Thursday as concerns over new coronavirus restrictions and Brexit-related uncertainty prompted investors to book profits after a rally earlier in the month.
The FTSE 100 slipped on Wednesday as signs of progress in Brexit talks boosted sterling, putting pressure on companies that are big exporters, while a clutch of upbeat corporate earnings limited declines.
London's mid-cap index fell from four-month highs on Tuesday on concerns around the timeline of a COVID-19 vaccine as well as uncertainties over a Brexit trade deal with the European Union ahead of a self-imposed UK deadline.
London's FTSE 100 fell on Monday in a choppy trading session as a dip in oil prices hit energy stocks and as Prime Minister Boris Johnson laid out fresh restrictions to contain the growing coronavirus crisis.
* Indexes up: Dow 0.61%, S&P 0.89%, Nasdaq 1.32%
(Updates to early afternoon)
* Indexes up: Dow 0.44%, S&P 0.60%, Nasdaq 0.96%
(Adds comment; updates share prices)