Thursday’s trading session appeared to be unsuccessful for British stocks. They simply tumbled being knocked down by a strengthening greenback. Stocks of retailer Next PLC fell too, following a warning from the apparel retailer.
The FTSE 100 dipped 1.2%, at 6,124.71. Here, all the sectors moved down, led by mining shares. It’s the first loss of London’s benchmark for two sessions. On Wednesday, the index soared 0.1%.
Next appeared to be Thursday’s number one loser, as its stocks lost up to 9.8%. The clothing retailer reported a surge in the full-year net revenue on higher sales. However, it stressed that this year is going to be quite challenging due to global economic uncertainty. Financial analysts also add that the year might appear to be the toughest faced by the entire world since 2008.
The FTSE 100 was experiencing a 1% decrease for the holiday-shortened week. The trading session is going to be closed on Friday and Monday to ensure the Easter holiday.
Meanwhile, commodity shares seem to have lost ground along with most metals prices.