FTSE 100 Set for Weekly Losses as Big Winning Streak Ends

Earlier this week, the FTSE 100 broke an eight-day winning streak, and the benchmark British index looks set to post weekly losses when it closes later today.

Many other British indexes were set to close in the negative this week as well. From Bloomberg:

British equities resumed their declines, with a broad gauge of the nation’s shares poised to halt its longest streak of weekly gains since November 2014.

The FTSE All-Share Index slid 0.3 percent at 8:51 a.m. in London, taking its drop for the week to 0.8 percent. The FTSE 100 Index of large companies and the FTSE 250 Index of mid-cap stocks slipped 0.2 percent, also heading for weekly declines, while the FTSE Small Cap excluding Investment Trusts rose 0.2 percent, extending a record high.

Earlier this week, the FTSE 100 index broke an eight-session winning streak, which was the largest such streak since October. U.S. investors looking to invest in Great Britain’s post-Brexit recovery should look to the The iShares MSCI United Kingdom ETF (NYSE:EWU):

EWU-2016-08-19

The largest England-focused ETF by assets was unchanged in premarket trading Friday. EWU has fallen about 1% since the start of 2016.

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