Markets down following Syria intervention

Markets down following Syria intervention

The FTSE 100 was down 0.425pc at 7,233.72 due to a stronger pound and growing fears following the Syria missile strikes over the weekend.

Brent crude fell 1.05pc to $71.82 as US drilling activity rose and fears waned over escalating tensions in the middle east.

BP and Shell dropped 1.49pc and 0.74pc on the back of a drop in oil prices.

Sterling was up 0.1pc to $1.4250, despite Britain’s military intervention in Syria, as investors focused on data that helped build confidence in an interest rate hike in May.

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