Saturday, 8 October 2016

Markets fall amid sterling volatility

Markets fell on Friday.

The S&P 500 fell 0.3 percent, the STOXX Europe 600 fell 0.9 percent and the Nikkei 225 fell 0.2 percent.

A highlight of trading on Friday was sterling volatility.

The pound fell to as low as $1.1819 during early Asian trading but recovered to $1.2435 by late New York trading. That still left it down 1.4 percent against the dollar for the day.

The fall in the UK currency, however, helped the FTSE 100 to a 0.6 percent gain, the only positive performance on Friday among the major stock markets.

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