Home news Pound hovers around $1.35 while FTSE 100 falls

Pound hovers around $1.35 while FTSE 100 falls

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Sterling slipped back from two-month highs on Friday morning, but steadied at around the $1.35 mark.The pound broke through the $1.35 level on Thursday amid hopes of a settlement on the so-called Brexit “divorce bill” and the Irish border issue.By midday on Friday, sterling was 0.2% lower against the dollar, and it also fell 0.2% against the euro to €1.1346.On the stock market, the UK’s benchmark FTSE 100 index was down 22.20 points at 7,304.47.Babcock International was the biggest faller in the FTSE 100, down 2.6%, after Morgan Stanley cut its price target for the defence and engineering contractor’s shares.In the FTSE 250, shares in Indivior jumped 8% after it said its drug to tackle opioid addiction had been approved by the US Food and Drug Administration.
Source: bbc