LONDON: Another wobble in commodity-related shares saw UK bluechips extend their underperformance against continental European peers on Friday.
Britain’s FTSE 100 fell 0.5% weighed down by weakness in mining and oil stocks, as well as in shares of large-cap dollar earners.
Friday marked the one-year anniversary of Britons voting to leave the EU which sent sterling, UK and European stocks into a tailspin.
While stocks have recovered sharply from their slump in the immediate aftermath, in US dollar terms, UK stocks continue to lag peers in Europe and elsewhere as a cloudy outlook for sterling dented appetite among foreign investors.
European blue chips retreated 0.1% on the day as gains in French and Italian banks helped limit losses. Finnish and Swedish markets were closed for a holiday. - Reuters
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