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12/19/2019, 5:31 PM (Source: TeleTrader)
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Europe ends mixed as UK presents WA bill

Stocks in Europe closed mixed on Thursday as investors echoed the latest news surrounding Britain's departure from the EU and Bank of England's monetary policy decision.

The government of Prime Minister Boris Johnson presented the so-called Brexit bill, confirming earlier media reports that Parliament wouldn't have a say on a potential extension to the transitional period ending December 31, 2020. The news sent the pound plunging to 2-week lows.

The UK's monetary policymakers decided to keep the rates unchanged at 0.75% forecasting that the economy would pick up in the coming period on the back of reduced Brexit-related uncertainties while projecting a slight rise of inflation above the 2% target.

The DAX lost 0.08% at the close. HeidelbergCement emerged as the biggest loser, down 2.51%. Euronext's CAC 40 struggled to remain above the flat line at 0.06%. In London, the FTSE 100 climbed 0.44% to end the day with Glencore leading the gains on the LSE, climbing 2.20%.

The pound continued to decline against major currencies, sliding 0.55% on the US dollar to go for 1.30161, after it briefly dipped below the 1.300 handle.

Breaking the News / GG