Pound falls again while FTSE 100 nears record

Pound falls again while FTSE 100 nears record
 

The pound continued to come under pressure in early morning trade, while the FTSE 100 share index headed towards a record high.
The value of the pound has fallen sharply over the past few days on worries about how the UK's economy will be affected by Brexit.
Sterling was down 0.6% against the dollar at $1.2284 and slid 0.4% against the euro to €1.1051.
The FTSE 100 was up 15.33 points at 7,112.83.
That put the UK's benchmark share index above its record closing high of 7,103.98, but below its record intra-day level of 7,122.74.
The fall in the pound has boosted the FTSE 100 as many of the... read more

 
11 October 2016 in Business, Views: 33
Source: BBC
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