The FTSE 100 has clawed back losses taken after a draft Brexit deal was agreed between the UK and European Union, followed by the wider European market, while gilt yields are sliding in morning trading.
Having fallen by 0.6% on Wednesday (14 November), the FTSE 100 was up 0.4% at market open on Thursday (15 November), after Prime Minister Theresa May announced yesterday that Cabinet had agreed on her proposed deal after a five-hour meeting. The EuroStoxx 50, which was down 1.2% yesterday, originally opened lower, but rose to trade 0.6% higher by 8.40am GMT. Meanwhile, UK ten-year gilt yields fell nearly 4% to 1.45%, despite expectations of strengthening yields on the news. UK set for restricted financial markets access under equivalence Mike Amey, managing director and head of ...
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