British equities tack on

British equities tack on

On Thursday, British equities ascended, bouncing off from its worst tumble for more than two weeks.

Market participants were also awaiting a government white paper on the UK’s plans to finally extricate itself from the EU to assess whether to get ready for a soft or tough Brexit outcome.

The FTSE 100 index jumped by 0.8% being worth 7,651.01, partly offsetting its Wednesday’s 1.3% dip. The given dive turned out to be its worst reading since June 25—it showed up after America told it’s going to hit China’s products with another $200 billion in duties, thus intensifying a trade conflict between the world’s key economies.

The currency pair GBP/USD ascended from $1.3205 to $1.3219.

In Great Britain and Europe, equities generally soared because market participants kept watching developments in the trade clash between China and America. Bloomberg informed on Wednesday that Chinese and US statesmen are open to proceed with their high-level trade negotiations that could come up with a rational solution and avert an economical deleterious trade conflict.

In Great Britain, the authorities are on the verge of publishing its 120-page report on Brexit on Thursday. It’s believed that this document will tell more about Theresa May’s plan for Britain’s future relationship with the EU that was agreed at a Cabinet gathering the previous week.

The equities of Sky PLC SKY managed to rally up to 1.9% right after Comcast Corp had its takeover offer for the UK broadcaster raised, thus sparking the bidding conflict with 21st Century Fox Inc. 

The stocks of ITV PLC ITV headed south 2.6% after Britain’s defeat in the World Cup soccer final.

Apart from the FTSE 100, the index ASOS PLC ASC managed to edge down by 10% right after the online clothing retailer had its guidance cut because sales surge speeded down.


STOCKS: new pharma shares!
STOCKS: new pharma shares!

FBS added new stunning stocks from the pharmaceutical sector - let's check how we can make profits with each.

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera