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FTSE 100 slides as the pound hits three-week high

But blue-chip index still above 2,400, after reaching record closes last week

FTSE 100 slides as the pound hits three-week high

UK stocks declined Monday, as a rise in the pound to a three-week high weighed on the FTSE 100, which twice hit record levels last week, MarketWatch reports.

The FTSE 100 fell 0.2% to 7,411.20, with oil and gas, healthcare and financial shares among those losing ground. On Friday, the London benchmark added 0.1% to 7,424.96, a new record closing high. That was the index’s second close at a record in a row, and those moves helped the blue-chip gauge gain 1.1% for the week.

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