GBP stumbled today dropping over 0.8% at pixel as UK political uncertainty mired the currencies’ recent progress. At £1.307, it is worth noting that sterling is much healthier than few months ago's $1.25 level and looks set to move further north rather than breach the $1.25 low seen at the start of ’19. All of the UK indices closed mildly in the red today in the range -0.1 to 00.6%. Much of today’s index losses can be attributed to ex dividend activity.
MCRO progress was stunted today by a Citi downgrade , shedding 6%, DLG dropped : Saga fell over 37% on poor results. Amongst the AIM megacaps, ASC dropped over 5% with BOO down 2% and PRSM down 4% while DTG rallied 3.5%
Brent crude rallied 0.3% closing just shy of $70 and looks set to clear its 200MA for the first time since Nov 2018. Copper yielded 1% from its recent strong rally while the iron ore rally continues with ton prices now above $91: gold was flat on the day at $1293 while silver slipped 0.3%