Pound jumps on vaccine news but pushes FTSE down - News Summed Up

Pound jumps on vaccine news but pushes FTSE down


The vaccine plans for over-50s pushed up the pound but the FTSE 100 fell (Yui Mok/PA)Positive news that the UK Government aims to vaccine all under 50s by May did enough to push the pound up as markets closed on Friday. The pound was up 0.32% against the dollar as markets closed at 1.372. Typically when the pound is strong against the dollar, the FTSE 100 falls as the value of shares to dollar-denominated investors look more expensive. The Premier Inn owner’s shares closed the day up 160p, or 5.13%, at 3,280p. The deal was not ruled out by Aggreko and shares closed the day up 209p, or 33%, at 844p.


Source: Irish Independent February 05, 2021 17:48 UTC



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