Sterling drops on stalled Brexit negotiations

Sterling drops on stalled Brexit negotiations

The FTSE 100 remained steady around six-month lows at 6,993.48 as a deadlock in Brexit negotiations dragged on stocks but supported internationally focused constituents as the pound weakened.

Brent crude was up 0.90pc at $81.15, boosted by Saudi Arabia tensions over the disappearance of a prominent journalist, although long-term demand forecasts dragged on gains.

Sterling dropped 0.3pc at $1.3080 against the dollar as Brexit discussions stall ahead of a critical European Union summit later this week.

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