- The British pound steadied early Friday after there was no new fallout over Prime Minister Theresa May's Brexit plan. The pound rose 0.4% against the dollar to above $1.28 after notching its largest daily decline in over two years on Wednesday
Market news
16 November 2018
The British pound steadied early Friday after there was no new fallout over Prime Minister Theresa May's Brexit plan. The pound rose 0.4% against the dollar to above $1.28 after notching its largest daily decline in over two years on Wednesday
U.K. bank shares also steadied in early trading. Shares in Barclays PLC were up 0.2% after falling 4.1% on Thursday, while Royal Bank of Scotland Group PLC was up 0.4% after sliding nearly 10%. The U.K.'s FTSE 250 index, which is more domestically focused than the country's benchmark FTSE 100, was up 0.4% after sliding 1.3% on Thursday.
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