The FTSE 250 has closed down 1%, or 215.62 points, to 20,933.87.
David Madden, an analyst at CMC Markets UK, wraps up the day in the markets:
The FTSE 100 is underperforming the indices in continental Europe as the sell off in banking and oil stocks has weighed on the market.
Barclays kicked off the reporting season for UK banks today, the slide in the stock price has set the tone for HSBC and Lloyds. BP and Royal Dutch Shell have relatively large weightings in the index, the retreat in the oil market has hurt the energy titans.
Sterling’s strength is an issue for the UK market too as internationally focused stocks like Imperial Brands, GlaxoSmithKline and British American Tobacco derive a relatively large amount of their revenue overseas.
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Disabled sailor Natasha Lambert has become the first person to sail across the Atlantic using just sip and puff technology to control her boat.
Natasha Lambert crossed the Atlantic on her Nautitech Open 46, Blown Away - the largest vessel ever converted to use sip and puff technology. Credit: Natasha Lambert
Natasha Lambert, 23, has become the first person to sail across the Atlantic using just sip and puff technology to control her boat.
The skipper, who has quadriplegic athetoid cerebral palsy which affects her limbs and speech, left from Gran Canaria with her crew as part of the 2020 Atlantic Rally for Cruisers (ARC) fleet.