FTSE 100 at six-month low

FTSE 100 at six-month low

The FTSE 100 fell to a six-month low at 7,209.83 after the IMF warned of “clouds on the horizon” for global economy, cutting growth from 3.9pc to 3.7pc.

Despite the drop of the FTSE 100, the mining sector saw strong performances, with Anglo American, Antofagasta and Evraz up 1.66pc, 1.60pc and 4.02pc respectively.

Brent crude was up 1.10pc at $84.83 supported by evidence of reduced crude exports from Iran ahead of the latest round of US sanctions.

Sterling fell 0.4pc to $1.3041 against a strengthening dollar after investors booked profits on last week’s gains on hopes of a breakthrough in Brexit negotiations.

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