UK banks rise on financial services Brexit deal news

Sterling also rallying

Tom Eckett
Good news for the FTSE 100 on the first day of November

Good news for the FTSE 100 on the first day of November

UK bank stocks jumped in Thursday morning trading, following reports Prime Minister Theresa May had secured a financial services deal with the European Union.

News the EU will allow passporting for UK financial services firms has caused UK banks' share prices to rise, with Lloyds jumping 2.6% to 59p, while Barclays and RBS rose 2.5% to £1.77 and 4.2% to £2.46,...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Economics / Markets