Gains for sterling, FTSE 100 falls back

The FTSE 100 fell 27.13 points, or 0.37%, to 7,226.72.

France’s Cac and Germany’s Dax fell 0.33% and 0.12% respectively.

The pound is now worth $1.2076, up 0.41%; and against the euro it was up 0.26% at 1.0765.

The biggest risers were Reckitt Benckiser, up 96p to 6,127p; SSE, up 15p to 1,109.5p (on smaller rival OVO confirming plans for a takeover); Just Eat, up 10.4p to 800.4p; and Fresnillo, up 8.8p at 687.6p.

Biggest fallers were NMC Health, down 113p at 1,910p; Schroders, down 105p at 2,787p; Rolls-Royce, down 27.2p at 752.2p; Hargreaves Lansdown, down 70p at 1,996p; and Burberry, down 72p at 2,143p.