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FTSE 100 slips as stronger pound, subdued consumer spending data weigh

Published 09-02-2021, 01:45 pm
Updated 09-02-2021, 01:48 pm
© Reuters.
UK100
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BWY
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FTMC
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FTNMX501010
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FTNMX452010
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FTNMX404010
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OCDO
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DXY
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(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 down 0.2%, FTSE 250 adds 0.1%

Feb 9 (Reuters) - London's FTSE 100 fell on Tuesday after a solid start to the week, as a stronger pound outweighed a set of upbeat earnings, while data showed a nationwide lockdown hurt consumer spending in January.

The blue-chip FTSE 100 .FTSE was down 0.2%, with food and drug retailers .FTNMX5330 and construction .FTNMX2350 stocks being the worst performers. The mid-cap FTSE 250 .FTMC gained 0.1%

The pound jumped to a near 34-month high, weighing on the export-heavy index, as the dollar .DXY languished near its lowest in a week. retail index .FTNMX5370 fell 0.2% after surveys showed British consumer spending plunged at the fastest rate in seven months. Plc BWY.L rose 2.8% after the homebuilder reported strong demand for new homes, as low lending rates and a temporary cut in stamp duty boosted activity in the sector. Group OCDO.L dropped 3.8%, even after the online grocer and technology group reported a 69% increase in 2019-20 core earnings.

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