Craig Erlam, senior market analyst at OANDA, mentioned: “The pound is on the decline again, having fallen over the last couple of days on the back of some worrying economic figures from the UK.
“Whether we’re talking about a blip in the data or cracks finally appearing in the economy after a very aggressive tightening cycle from the Bank of England, traders are paring back expectations for interest rates once more.
“That weakness in the pound may be helping the FTSE to outperform, with it being one of the only European indices still in the green after early gains – seemingly driven by knockout earnings from Nvidia – fizzled out over the course of the day.”
Across the Channel, the principle markets noticed a weaker displaying amid renewed warning over rising bond yields for many of Europe.
Germany’s Dax index was 0.68% decrease for the day and the Cac 40 closed down 0.36%.
Stateside, Wednesday evening’s very sturdy displaying from chip-maker Nvidia pushed the US markets, led by the tech-heavy Nasdaq, sharply greater.
In firm news, Harbour Energy shares slipped after the North Sea oil and fuel producer reported a fall in revenue and mentioned it is going to extract barely much less oil and fuel than anticipated this 12 months.
Harbour revealed its pre-tax revenue fell from 1.5 billion {dollars} (£1.2 billion) to 429 million {dollars} (£337 million) for the six months to June.
As a consequence, it noticed shares shut 10.8p decrease at 230.9p on Thursday.
Recruiter Hays’ shares remained flat regardless of falling annual earnings and warnings that it must minimize its advisor workforce additional amid a weakening world jobs market.
The firm additionally mentioned Dirk Hahn, managing director of Hays Germany and Continental Europe, Middle East and Africa , will take over from longstanding chief government Alistair Cox subsequent month. Shares completed at 103.3p.
Property providers enterprise Kinovo climbed in worth after it advised shareholders it acquired a possible takeover transfer by Rx3 Holdings.
It noticed shares improve by 2.5p to 51p by the tip of buying and selling because of this.
Meanwhile, the worth of a barrel of Brent crude fell by 0.23% to 83.02 US {dollars} as markets had been closing in London.
The greatest risers within the FTSE 100 had been JD Sports, up 5.4p at 138.55p, Croda International, up 94p at 5,396p, Ocado, up 12.8p at 750.4p, Fresnillo, up 7.4p at 560.4p, and Convatec, up 2.6p at 228.6p.
The greatest fallers within the index had been Aviva, down 9.8p at 370.8p, Legal & General, down 5.6p at 214.4p, Mondi, down 23p at 1,257p, St James’s Place, down 15.4p at 857.6p, and Whitbread, down 57p at 3,375p.
