Europe: Stocks drop as London hit by Brexit delay speculation

Europe: Stocks drop as London hit by Brexit delay speculation Tue, Feb 26, 2019 - 4:40 PM European stocks fell in initial trade on Tuesday, with London down as the pound rallied on speculation over a possible Brexit delay, dealers said.

European stocks fell in initial trade on Tuesday, with London down as the pound rallied on speculation over a possible Brexit delay, dealers said. In opening deals, London's benchmark FTSE 100 index of major blue-chip companies sank 0.7 per cent to 7,132.56 points, compared with the closing level on Monday. The stronger pound weighs on London-listed multinationals whose earnings abroad are converted back into sterling. In the eurozone, Frankfurt's DAX 30 index dipped 0.

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