FTSE slips into red as strong pound compounds drop in retail

The pound was up 0.5 per cent against the US dollar yesterday at 1.407, and 0.3 per cent versus the euro at 1.147.
THE FTSE 100 dipped into the red yesterday, as a stronger pound compounded pain from a drop in retail stocks following a string of store closures and profit warnings at some of the UK's biggest chains[...]

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