Brexit trade deal hopes lift FTSE and pound

London stock markets closed higher and the pound rose today amid growing speculation that a Brexit trade deal may be in sight.

The FTSE 100 ended the day up 0.7 per cent or or 42.59 points at 6,495.75, while the domestically-focused FTSE 250 rose 1.7 per cent or 347.04 points to 20,297.76.

The pound jumped more than 1 per cent to above $1.35 and rose almost 1 per cent against the euro too, with £1 buying €1.107 on currency markets.

In company news, British Land sold a 75 per cent stake in three buildings in London’s West End for £401million to Allianz Real Estate, as the Sheffield Meadowhall shopping centre and office owner divests its non-core assets.

Pub operator Marston’s said it will operate Brains’s 156 pubs in Wales in a deal that will save 1,300 jobs, at a time when the country is imposing fresh curbs to stymie the spread of a mutated variant of the coronavirus.

London stock markets closed higher amid growing chatter that a trade deal may be in sight