FTSE LIVE: Pound under pressure after latest Brexit twist; Next boss brushes off no-deal fears; Ted Baker profits tumble amid tough trading
- The pound remains volatile today following the latest Brexit twists and turns
- Next said profits slipped 0.4% last year and dismissed no-deal Brexit worries
- Ted Baker’s bottom line was dented by one-off costs and weaker trading
As we start another day on the Brexit merry-go-round, the pound is understandably a little unsure of itself. At 8am, sterling is at $1.3165.
In the meantime, there’s plenty of retail news to trawl through.
High Street stalwart Next has seen store sales slide (again), while Ted Baker is nursing a sharp drop in profits following one-off costs relating to the investigation into its boss Ray Kelvin and the collapse of House of Fraser.