Brent crude falls for third day in a row

Brent crude falls for third day in a row

FTSE 100 was up 5.82 points to 7,421 at midday trading.

Brent crude fell for the third day in a row, down 0.57pc to $62.80, as caution rose over rising US output.

Inflation held its five year high at 3pc in October, as the Bank of England announce plans to extend the period in which it will rein in inflation while the UK economy adjusts to Brexit.

BoE Governor, Mark Carney, said: “During these exceptional circumstances we will stretch out the horizon over which we return inflation to target … in order to support the economy in the adjustment process.”

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