The sterling kicker runs out of steam for the FTSE

European stock market close 14 October 2016

The FTSE had been using the fall in the pound to run higher on the potential better earnings from foreign listed firms converting profits but that effect has waned this week.

European bonds

  • Italy 1.38% flat

  • Spain 1.12% +1bp

  • Portugal 3.30% -7bp

  • Germany 0.058% +2bp

  • Greece 8.38% -2bp

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