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Weaker pound lifts FTSE 100 even as virus woes, Brexit uncertainty remain
Published at 20/11/2020 at 08:32

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

* FTSE 100 up 0.2%, FTSE 250 down 0.2%

Nov 20 (Reuters) - London's FTSE 100 inched higher on Friday, as a weaker pound boosted shares of exporters, although gains were capped on concerns over economic damage from rising coronavirus cases and a Brexit-trade deal uncertainty with the European Union.

The blue-chip FTSE 100 index rose 0.2%, with energy

, pharmaceutical and mining

stocks among the biggest boosters.

A weaker pound lifted shares of large, dollar-earning companies such as Diageo Plc and British American Tobbacco Plc .

The domestically focused mid-cap FTSE 250 lost 0.2%.

Official data showed that British retail sales rose 1.2% in October, up 5.8% on-year, but a Reuters poll stated that Britain is on course for a double-dip recession as renewed lockdown measures to curb a second wave of infections deliver another hammer blow to economic activity.

In company news, Sage Group Plc fell 10.2% after the software firm reported a 3.7% drop in full-year organic operating profit.

(Reporting by Devik Jain in Bengaluru, Editing by Sherry Jacob-Phillips)

((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))

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