FTSE 100 slips amid strength in sterling after strong UK retail sales
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 lost ground on Friday, after a bump in the price of sterling hit many companies in the index whose earnings are predominantly overseas. British retailers saw sales tick slightly higher last month after a boost from the Euro 2024 football tournament and summer discounting, the Office for National Statistics said. AJ Bell investment director Russ Mould said strength in sterling “hits the relative value of its constituents’ dominant overseas earnings”.