FTSE weathers trade fears as weaker pound boosts exporters [Reuters (UK)]
Diageo plc (DEO)
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Source: Reuters
FTSE weathers trade fears as weaker pound boosts exporters - Reuters 3 Min Read (Reuters) - London’s FTSE 100 shrugged off the impact of the latest U.S.-China tariffs on Monday as AstraZeneca gained and exporter stocks rose after sterling slipped on the prospect of an election against the backdrop of Brexit. The main index .FTSE gained 0.9%, boosted by a 2% rise in AstraZeneca ( AZN.L ) after separate trials showed its drugs helped patients with cardiovascular conditions. The mid-cap FTSE 250 .FTMC rose 0.3% by 0815 GMT, though trading volumes on both UK indexes were thin due to a U.S. market holiday. Shares of companies that book a major chunk of their earnings in U.S. dollars such as Diageo ( DGE.L ), Unilever ( ULVR.L ) and tobacco firm BAT ( BATS.L ) advanced as dealers sold off the pound ahead of a showdown this week between the government and the lawmakers opposed to a no-deal Brexit. Prime Minister Boris Johnson threatened to purge any lawmaker in his party who votes ag
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