FTSE 100 ascends to a 2-week peak
On Thursday, British shares grew as Brexit voting got underway.
The FTSE 100 soared 0.8%, trading at 6,309.77, and only a handful of components traded lower. On Wednesday, the blue-chip index surged 0.6% in order to mark a fourth straight leap.
The midcap FTSE 250 index gained 0.5%, being worth 17,124.90. In fact, companies on the index normally obtain more than half of their profit from Great Britain, compared to about 28% exposure for the bigger-cap FTSE 100, as FactSet states.
It’s hard to overemphasize how crucial this referendum is for the financial markets. Financial experts expect shares to rise, while gold is supposed to go down. Both the common currency and the British pound will most likely edge up.
The financial markets hope the “Remain” camp will win, while according to recent surveys the two sides are almost equal.
Bank shares demonstrated mixed performance, with Lloyds Banking Group PLC slumping 0.4%, and Barclays PLC descending 0.3%. However, HSBC PLC gained 0.3%.