Pound down on Brexit fear

The Courier & Advertiser (Perth and Perthshire Edition) - - BUSINESS -

The FTSE 100 ended the week in the red yes­ter­day as con­cerns over the prospect of ris­ing US in­ter­est rates and the stand-off be­tween Rome and Brus­sels con­spired to hit stocks.

Lon­don’s top stock market closed down 35.34 points, or 0.49%, at 7,105.34.

Ster­ling, mean­while, took a dive off the back of more Brexit un­cer­tainty and the res­ig­na­tion of Jo John­son from Theresa May’s govern­ment.

The Bri­tish cur­rency was down 0.6% ver­sus the US dol­lar at 1.297. Against the euro, the pound was trad­ing down 0.3% at 1.146.

In Europe, Ger­many’s DAX was up a mea­gre 0.02% while the French CAC fell slightly, go­ing down 0.48%.

A bar­rel of Brent crude was trad­ing at $69, a de­cline of 1.4%.

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