FTSE LIVE: Stricken pound picks up as retail sales beat expectations; Asos warns on profits again; Easter surge gives EasyJet a lift
- Asos warned profits will be lower than anticipated, blaming ‘operational issues’
- EasyJet said it will meet it profit targets after Easter helped buoy sales
- The struggling pound buys $1.2438 and €1.1067 in early trading today
Shares in online fashion giant Asos are set to take another hit today after the firm warned, for the third time in eight months, that full-year profits will be lower than expected – between £30million and £35million.
Meanwhile, EasyJet impressed with an 11 per cent jump in revenues over the last three months as the timing of Easter helped offset falling demand amid Brexit uncertainty.
The struggling pound was at $1.2438 – up 0.07 per cent – and €1.1067 – down 0.07 per cent – in early trading today but picked up after retail results for June beat expectations.
Yesterday, the currency slid below $1.24 for the first time in two years.
The struggling pound currently buys $1.2438 – up 0.07% – and €1.1067 – down 0.07%