FTSE 100 slips as London goes into tougher lockdown

Pedestrians leave and enter the London Stock Exchange in London, Britain

The FTSE 100 slipped on Tuesday as tougher restrictions were imposed in London to curb a resurgent COVID-19 pandemic, while investors awaited a Brexit trade deal with the European Union before a year-end deadline.

The blue-chip FTSE 100 index was down 0.3% by 0803 GMT, with healthcare and financial stocks leading the declines.

The mid-cap FTSE 250 index, considered a barometer for Brexit sentiment, was flat.

London will move into England’s highest tier of COVID-19 restrictions on Wednesday, with additional curbs on restaurants and socialising, due to increased infection rates that may be partly linked to a new variant of the coronavirus.

In company news, online trading platform IG Group Holdings Plc gained 1.6% after forecasting a surge in first-half revenue as coronavirus-led volatility in financial markets stoked strong client activity.

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