FTSE 100

Today's data summary

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% change
As of 09:04 18 Oct 2019

Latest updates

London markets open lower

The FTSE 100 is down around 20 points in early trading at 7,168.28.

The FTSE 250 is down 30 points at 20,191.

Market update

inside the stock exchange
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The FTSE 100 is up 39 points (0.5%) at 7,207.31, with British Land and Persimmon the biggest gainers, rising 3%. BAE Systems is the largest faller, down 3%.

In the FTSE 250 index - which is up 113.60 - 0.5% - at 20,301 - WH Smith is the largest riser. Its shares are up 9% after it announced the takeover of US retailer Marshall Retail.

Building materials firm Grafton Group is the biggest faller, off nearly 10%, after warning profits would miss expectatons.

Moneysupermarket.com is still lower, down 8.5%, after its results disappointed investors.

Housebuilders, banks rise

“It’s not all over ‘til it’s over – reports of an agreed deal has yet to get through European and UK parliaments and the DUP position remains unclear – but there is no question that this represents progress," says Richard Hunter, head of markets at Interactive Investors.

"Sterling has unsurprisingly strengthened since the announcement, and the domestically-focused UK stocks which are in the Brexit firing line are also motoring ahead.

"These are mostly typified by the property/housebuilding and banking sectors, where for example Persimmon shares are ahead by nearly 5%, British Land over 4%, Royal Bank of Scotland 3.5% and Lloyds Banking Group 3%."

Why is the FTSE 100 rising?

FTSE chart

The pound spiked above $1.29 after Boris Johnson said a new deal had been agreed.

Fiona Cincotta, senior market analyst at City Index, says:

"The pound looks to target $1.30, although there could well be more wind in the sails with a move towards $1.34 not inconceivable.

"Interestingly, the FTSE [100] which often trades inversely the pound, has also pushed higher on the news, underscoring the relief felt by traders that a no deal Brexit could well be avoided. Banks and house builders are dominating the upper reaches on the top 100 index.

"The FTSE 250, which is comprised of stocks more exposed to the domestic economy, has rallied over 1%."

London markets jump after Brexit deal announced

FTSE 250

Major London markets jumped after a Brexit deal was announced earlier.

The FTSE 100 was up 0.6% at 7211 points, and the FTSE 250 was up 1.16% at 20,422.

FTSE 100 up

The FTSE 100 is up slightly at 7,176 in early trading.

Rentokil and Unilever are the biggest risers while the fallers are led by a trio of housebuilders - Persimmon, Barratt Developments and Berkeley Homes.

FTSE 100 opens

The FTSE 100 is little changed at the open, down 1.81 points at 7,211.64.

Barclays and Lloyds are among the early risers, while Rio Tinto and Whitbread are down.

UK stocks open higher

Shares have opened higher on the London Stock Exchange, with the FTSE 100 up 23.48 points, or 0.3%, at 7,236.93.

The mid-cap FTSE 250 index has climbed 63.44 points, or 0.8%, to 20,093.34.

London market update

sterling chart

The pound is continuing to fall after a sharp rally on Thursday and Friday sparked by hopes of breakthrough in the Brexit talks.

The FTSE 100 is off 37 points - around 0.5% - at 7,209.78.

The FTSE 250 is down 220 points at 19,820.73, that's just over 1%.