Friday, sterling hit its highest level against the U.S. dollar since the Brexit vote. (AP Photo/Matt Dunham)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The U.K.'s top share index closed at a four-month low Friday, as a surging pound hit its largely dollar-earning constituents, with financials shares taking strong losses and only a handful of stocks ending the day in positive territory. Britain's blue chip FTSE 100 index ended the day down 1.1 percent, posting a second weekly loss in a row and closing at 7,215.47 points, a level last seen early in May.The FTSE 100 has struggled as sterling jumped after the Bank of England signaled Thursday that it was likely to raise interest rates in the coming months.The FTSE 100 ended 2016 with a gain of more than 14 percent, but hasn't fared as well in 2017, up just about 1 percent so far this year.
FOLLOW THIS ARTICLE