UK stocks slumped toward their lowest point in more than a year Thursday, as blue-chips were clipped by a jump in the pound. The currency extended gains as the Bank of England signaled it is preparing to raise borrowing rates, MarketWatch reports.

How markets are moving
The FTSE 100 index dropped 1% to 6,971.11, on course for its weakest finish since December 2016. Only the consumer goods sector was higher. On Wednesday, the benchmark fell 0.3%.