Liquidity Angst Over Brexit Is Fueling a $1 Billion ETF Bet
(Bloomberg) -- Brexit is a muddle, U.K. shares are the world’s most shunned and, to top it off, the FTSE 100 Index just suffered its worst week in a year. Yet the biggest British stock ETF is flying high.BlackRock Inc.’s iShares Core FTSE 100 fund took...
British pound stumbles as EU's Tusk criticizes Boris Johnson
The British pound weakened to the lowest level of Wednesday after the president of the European Council, Donald Tusk, tweeted that U.K. Prime Minister Boris Johnson was trying to win a blame game over Brexit. "What's at stake is not winning some stupid blame game. At stake is the future of Europe and the UK as well as the security and interests of our people. You don't want a deal, you don't want an extension, you don't want to revoke, quo vadis?" he tweeted. The pound traded at $1.2213, versus $1.2290 on Tuesday.
European Stocks Fall After U.S. Introduces New China Sanctions
Banks felt the pain as European stocks drifted lower on Tuesday, as worries over U.S.-China trade talks continued to weigh on sentiment.
Evaporating optimism reveals the cracks
FT subscribers can click here to receive Market Forces every day by email. Trade tension and Brexit are two long-running stories for investors and on Tuesday the cracks in the ground for markets are a little wider.