Market sentiment took a further hit overnight after a top U.S. intelligence official claimed that Iran and Russia are attempting to interfere in the 2020 US election. On the Brexit front, EU officials will arrive in London today to resume talks.
The FTSE 100 lost 1.9% on Wednesday and fell to its lowest level since May 14th. At the same time, the pound hit a six-week high lifted by Brexit optimism and comments by Bank of England deputy governor Dave Ramsden that said now was not the time to cut interest rates below zero.
European stocks ended sharply lower, weighed down by concerns about the economy due to continued surge in coronavirus cases across the continent.
Wall Street’s main indexes looked set to start Thursday in the red, as hopes for pre election stimulus deal have been fading, despite House Speaker Nancy Pelosi saying she hoped both sides can resolve the “appropriations piece” of the bill later in the day.
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