{"id":9596,"date":"2021-05-10T09:39:10","date_gmt":"2021-05-10T09:39:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/10\/ftse-100-little-changed-as-pound-rises\/"},"modified":"2021-05-10T09:39:10","modified_gmt":"2021-05-10T09:39:10","slug":"ftse-100-little-changed-as-pound-rises","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/10\/ftse-100-little-changed-as-pound-rises\/","title":{"rendered":"FTSE 100 Little Changed As Pound Rises"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks held steady on Monday as investors awaited details on the next phase of lockdown easing in England. A stronger pound kept gains in check after results from U.K. local and regional elections showed support for the ruling Conservative Party.<\/p>\n<p>Conservatives won the parliamentary seat for Hartlepool, which has been held by Labour since its creation in 1974.<\/p>\n<p>The benchmark FTSE 100 was up 2 points at 7,132 after rising 0.8 percent on Friday.<\/p>\n<p>Provident Financial slumped nearly 6 percent.  The consumer finance company announced it is withdrawing from doorstep lending after 140 years.<\/p>\n<p>Victrex jumped 8 percent. After posting a fall in first-half profit, the supplier of high performance polymer solutions said it remains comfortable with current full year expectations.<\/p>\n<p>Bakery chain Greggs soared 11 percent after saying it believes it could get back to normal profits this year.<\/p>\n<p>Travel-related stocks were declining after only 12 countries have made the initial &#8220;green list&#8221; where people can holiday abroad without having to quarantine on return to the U.K.<\/p>\n<p>British Airways-owner IAG dropped 1.7 percent, easyJet tumbled 2.6 percent and Wizz Air Holdings lost 3.3 percent. <\/p>\n<p>In economic releases, U.K. house prices reached a record high in April as stamp duty holiday continued to provide impetus to the property market, data from Lloyds Bank subsidiary Halifax and IHS Markit showed on Monday.<\/p>\n<p>House prices grew 1.4 percent month-on-month in April, following a 1.1 percent rise in March. The average property was valued at GBP 258,204.<\/p>\n<p>On a yearly basis, house prices growth accelerated to 8.2 percent from 6.5 percent a month ago. This was the highest annual rate in five years. <\/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 Little Changed As Pound Rises<\/a><br \/>\n<br \/>2021-05-10 09:39:10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks held steady on Monday as investors awaited details on the next phase of lockdown easing in England. A stronger pound kept gains in check after results from U.K&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":9597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-9596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9596","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=9596"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9597"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}