GBP continued to slide as the Con-Lib talks ended without a compromise on Brexit and May’s departure looks set. Given her replacement is likely to be a staunch Brexiter, the risk of a hard Brexit once again stalks the markets and the currency. Brent also took a pause today down almost 1% but still north of the $72 mark. The FTSE, 100, 250 and 350 closed almost unchanged while the AIM All-Share yielded -0.25%.
Market sentiment stayed little changed although the weekly AAII Sentiment survey in the US shows a shift towards bearishness with 39% Bearish and just 30% Bullish with 31% Neutral
AIM ALL Share (-0.25%)
AIM All-Share dropped -0.25% ; STAF shocked markets on a profit warning and dropped 61% while MYSL lost another 38%
FEVR lost 2.5%, ASOS -1.5% BOO -1.5& and PRSM -2.6%
Metro's big 26% rise today was a great example of a short squeeze as good news on its shares' placing left shorters scrambling to cover: ARW now takes poll in the most shorted share as MTRO dropped from almost 12% yesterday to 10.8% today though it is highly likely many more shorters closed today which will be announced in the coming days: today's volume in MTRO was treble the normal daily volume.