The FTSE All-Share Index fell 1.6% in sterling terms in November, underperforming the global average. While UK economic data was generally mixed, Brexit dominated the headlines amid concerns that the prospect of a no-deal scenario had increased. Prime Minister Theresa May agreed a controversial deal with the EU on the terms of the UK’s withdrawal from the bloc. However, with the declaration prompting further resignations from UK cabinet ministers, speculation mounted that the agreement would be rejected by the UK parliament in December. UK retail sales dipped 0.5% in October, disappointing forecasts, while survey data also pointed to fading consumer confidence. In terms of sectors, tobacco (-15.9%) and industrial metals & mining (-13.7%) sharply lagged the benchmark, while mobile telecommunications (16.1%) and technology hardware & equipment (8.3%) outperformed.