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FTSE LIVE: Pound takes a tumble; Superdry extends Dunkerton’s contract

FTSE LIVE: Pound takes a tumble as Brexit talks intensify; Superdry extends Dunkerton’s CEO contract; Date for Budget revealed

  • Julian Dunkerton is well and truly back in the driving seat at Superdry 
  • The pound is flashing red in early trading on Monday after rise on Friday 
  •  The Chancellor said on Twitter he is planning to hold a Budget on November 6

The pound is falling off last week’s highs in early trading on Monday after officials claimed ‘technical-level’ Brexit talks over the weekend had been ‘constructive’, but admitted that ‘a lot of work remains to be done’.

Speaking of Brexit, the Chancellor said he will hold a Budget just days after the UK is due to leave the European Union.

Sajid Javid tweeted: ‘On 6th November I’ll deliver Britain’s first Budget after Brexit and set out our plan to shape the economy and deliver our infrastructure revolution.’

Meanwhile, Superdry has extended Julian Dunkerton’s contract as chief executive until April 2021.  

At the open: FTSE 100 in the red after the bell, down 0.37% at 7,220.16

 




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