{"id":8799,"date":"2021-04-13T09:32:23","date_gmt":"2021-04-13T09:32:23","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/13\/ftse-100-subdued-on-stronger-pound\/"},"modified":"2021-04-13T09:32:23","modified_gmt":"2021-04-13T09:32:23","slug":"ftse-100-subdued-on-stronger-pound","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/13\/ftse-100-subdued-on-stronger-pound\/","title":{"rendered":"FTSE 100 Subdued On Stronger Pound"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Correcting the second and third paragraphs for UK GDP data<\/p>\n<p>U.K. stocks were subdued on Tuesday, with a stronger pound and caution ahead of key U.S. inflation data due out later in the day keeping underlying sentiment cautious. <\/p>\n<p>Meanwhile, official data revealed earlier in the day that the U.K. <span class=\"landLinks\">economy<\/span> expanded in February though lockdown restrictions were in place to varying degrees across all four nations of the country.<\/p>\n<p>Gross domestic product grew 0.4 percent, following a revised 2.2 percent fall in January. This was slower than the expected growth of 0.6 percent. February&#8217;s GDP was 7.8 percent below the levels seen in February 2020, data showed.<\/p>\n<p>Another government report showed that the visible trade gap widened to GBP 16.44 billion in February from GBP 12.59 billion in January. On a monthly basis, exports and imports of goods increased 9.9 percent and 17.4 percent, respectively.<\/p>\n<p>The benchmark FTSE 100 was down about 5 points at 6,883 after losing 0.4 percent on Monday.<\/p>\n<p>Miners Anglo American, Antofagasta and Glencore rose between half a percent and 1.2 percent after customs data showed Chinese exports climbed 30.6 percent in dollar terms in March from a year earlier.<\/p>\n<p>BP Plc and Royal Dutch Shell were down about 1 percent even as oil prices ticked up amid Middle East tensions. <\/p>\n<p>Defense contractor Babcock International jumped 33 percent on restructuring news. <\/p>\n<p>Hays rallied 2.3 percent after the recruiter said it expects annual profit to be ahead of market expectations. <\/p>\n<p>JD Sports Fashion climbed 3 percent as the retailer reinstated dividend payments and forecast higher earnings for the current year.<\/p>\n<p>Online food ordering company Just Eat Takeaway gained 2.6 percent after saying its first-quarter orders rose 79 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Subdued On Stronger Pound<\/a><br \/>\n<br \/>2021-04-13 09:32:23<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Correcting the second and third paragraphs for UK GDP data U.K. stocks were subdued on Tuesday, with a stronger pound and caution ahead of key U.S. inflation data due out&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-8799","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=8799"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8800"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}