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* FTSE 100 down 0.4%, FTSE 250 up 0.3%
* Brexit deal hopes lift sterling, hit exporters
* WPP, Burberry fall after European rivals cut forecast
Oct 11 (Reuters) - Britain's exporter-heavy FTSE 100 lagged
a trade sentiment-induced rally in global stocks on Friday, as
hopes that a Brexit deal may be clinched by the end of the month
lifted the pound and hit international firms.
The blue-chip index .FTSE shed 0.4% with exporter stocks
such as Diageo DGE.L and Unilever ULVR.L dragging the most,
as sterling firmed after Ireland sounded optimism on the chances
of Britain leaving the European Union in an orderly fashion. The
mid-cap FTSE 250 .FTMC added 0.3% by 0702 GMT.
The index lagged the broader European benchmark .STOXX ,
which rose after U.S. President Donald Trump stirred hopes of a
trade agreement with China, calling the first day of talks "very
good".
The main index was also hurt by a near 4% drop in ad firm
WPP WPP.L after French rival Publicis PUBP.PA cut its sales
view for the second time, and a 3.4% fall in luxury brand
Burberry BRBY.L after German rival Hugo Boss BOSSn.DE cut
its annual forecast.