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The British pound fell after the sad results of the British manufacturing sector on Monday, in anticipation of a tough week for Brexit in Parliament.
The internationally exposed FTSE 100
UKX, + 1.04%
rose 1.2% as the pound continued its downward spiral due to Brexit's non-deal fears and weak plant activity.
Domestic values have been helped by European positivity to trade tensions between the US and China, with the FTSE 250
MCX + 0.45%
slightly up 0.4%.
US markets are closed on Mondays for Labor Day.
What is moving markets?
Sterling
GBPUSD, -0.2403%
continued its run on Monday, dipping 0.5% to $ 1.2095 before an important week of Brexit debates in Parliament.
MPs opposed to British Prime Minister Boris Johnson will introduce a bill blocking a Brexit without agreement later this week.
Conservative MPs who vote against the government could be deselected and excluded from the party, which would increase the chances of the UK leaving the EU without a withdrawal agreement in place.
British mill activity hit a seven-year low in August, also contributing to the fall in the pound.
The Manufacturing Purchasing Managers' Index (PMI) rose from 48 to 47.4 in July, and corporate optimism has fallen to record levels.
The survey cited economic and political uncertainties that weighed on domestic and export orders.
Neil Wilson, an analyst at Markets.com, said, "The manufacturing PMI data are simply shocking.
"It's a mistake to associate all this with Brexit. As the authors of the report point out, the slowdown in the world economy is the main cause of this decline. treat Brexit. "
Which stocks are active?
AstraZeneca
AZN, + 2.94%
The drug company has announced that Farxig, its type 2 diabetes drug, has reduced by 26% the odds of death from heart disease or worsening heart failure during a recent trial. . His cardiovascular drug Brilinta also reduced the risk of death and heart attack by 10%.
Centamin Gold Miner
CEY, + 0.62%
the company continued its reshuffle, adding two new executive directors to the board. The FTSE 250 company is expecting a stronger second half of its Sukari gold mine in Egypt.
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