Nov 17 (Reuters) - London’s FTSE 100 hovered around its five-month high on Tuesday as a stronger pound pressured exporters, while investors remained cautious about a post-Brexit trade deal with the European Union.
The blue-chip index dipped 0.1% as a stronger pound weighed on dollar earners such as consumer staple stocks, while the domestically-focused mid-cap FTSE 250 added 0.2%.
A media report said Britain’s chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal “early next week”, a day after EU diplomats warned that time was fast running out for a Brexit deal.
In company news, home repair services provider HomeServe Plc added 2.6% after it posted a 16% rise in first-half adjusted profit and raised its interim dividend by 7%.
Reprinted from Reuters. The copyright is reserved by the original author.
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