Sterling at seven-week high

Sterling at seven-week high

The FTSE 100 was down 1.051pc during midday trading at 6,845.47 as attention shifts to the uncertainty surrounding Brexit, ahead of tomorrow’s crunch vote.

Mining giants were amongst the big losers on the UK index with Antofagasta and Anglo American down 2.68pc and 2.18pc respectively.

International benchmark Brent crude dropped below the $60 mark, down 0.96pc at $59.90, on data showing weakening imports and exports in China, which heightened the prospect of a slowdown in fuel demand.

Sterling rallied to a seven-week high at $1.2879 against the dollar, after Theresa May said failure to approve her deal could lead to the UK staying in the European Union.

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