Financial Markets Online > Financial Markets Online > London markets fail to capitalize on Fed boost as pound surges

London markets nudged lower on Thursday after Federal Reserve Chairman Jerome Powell’s dovish comments failed to significantly support the FTSE 100.

The blue-chip index UKX, -0.09%   had initially climbed 0.2% before sinking back to trade 0.1% down.

The Bank of England also warned of the rising risk of a no-deal Brexit, which it said would bring about significant market turmoil.

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