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The FTSE 100 closed down slightly, failing to maintain post-Covid highs from Friday (Ian West/PA)
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The London Stock Exchange’s leading index dropped off from its post-pandemic highs reached on Friday but managed to remain above the psychologically important 7000-point barrier.
The FTSE 100 closed the day down 19.45 points at 7000.08 having crossed the threshold on Friday for the first time since the pandemic hit, wiping off 10% of the index’s value.
Sainsbury s shares closed up The London Stock Exchange’s leading index dropped off from its post-pandemic highs reached on Friday but managed to remain above the psychologically important 7000-point barrier. The FTSE 100 closed the day down 19.45 points at 7000.08 having crossed the threshold on Friday for the first time since the pandemic hit, wiping off 10% of the index’s value. An easing of lockdown restrictions helped matters, retailers enjoyed the best of the spoils. Shares in Sainsbury’s, Tesco Ocado, B&M, Kingfisher and Primark owner Associated British Foods were all in the top 10 risers. A strong pound played its part in knocking back the index, with sterling reaping the benefits of currency traders in the US selling off the US dollar over inflation fears.
FTSE fails to maintain post-Covid highs due to strong pound eveningexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningexpress.co.uk Daily Mail and Mail on Sunday newspapers.