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FTSE 100 falls from two-month high as pound strengthens

Sterling's gain came after reports Theresa May could reshuffle her cabinet and leave out Boris Johnson, who has been critical of her Brexit plans

FTSE 100 falls from two-month high as pound strengthens

UK stocks slipped back on Monday, losing grip on a two-month high as the pound recovered slightly and miners dropped, MarketWatch reports.

The FTSE 100 index edged down 0.1% to 7,519.35, after closing at the highest level since August 8 on Friday. The London benchmark ended last week with a 2% gain — its biggest since December last year — after renewed turmoil in the governing Conservative Party sent the pound sharply lower.

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