UK Stocks Up on Weaker Pound, Burberry Gains
The FTSE 100 rose 45 points, or 0.6% to 7,577 on Tuesday after the pound weakened to a 27-month low following comments from both runners to UK prime minister suggesting an exit from the EU on October 31st with or without a deal. A pick-up in Burberry first-quarter sales also lifted sentiment. Meanwhile, other major European stocks closed higher: the DAX 30 gained 44 points, or 0.4% to 12,431; the CAC 40 climbed 36 points, or 0.7%; the IBEX 35 surged 54 points, or 0.6% to 9,377 and the FTSE MIB went up 26 points, or 0.1% to 22,204.
7 min ago