Rolling coverage of the latest economic and financial news
- Introduction: UK stock markets wraps up tough year
- FTSE 100 down 14% in 2020, worst since 2008
- Worst performance of major stock markets
- But pound hits 31-month high vs US dollar
Britain’s smaller share index, the FTSE 250, is also down this morning.
The FTSE 250 has dropped by 1% to 20,508, away from the 10-month highs seen earlier this week.
London’s stock market has got its New Year hangover in early.
The FTSE 100 has dropped by 101 points in early trading to 6454 points, its lowest level since 23rd December. Most stocks are in the red, as the market wraps up a tough year on a low note.