FTSE 100 retreats as sterling stands tall on forex markets

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The Footsie has spent most of the afternoon hovering around the 7,500 level, nursing a loss that has much to do with sterling’s recovery.

Rajan Naik, a director of Financial Markets Online, said that “sterling is rejoicing” after an amendment was passed in the House of Commons designed to further complicate any attempt to prorogue parliament in order to force through a no deal Brexit.

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