FTSE LIVE: Pound slides under $1.20 as MPs resume attempts to block no-deal Brexit

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FTSE CLOSE: Pound slides under $1.20 as MPs try to block no-deal Brexit and election looms; M&S will be demoted from Footsie

By This Is Money

Published: | Updated:

The FTSE 100 closed down 13.75 points at 7268.19 and the pound was at $1.21 against the dollar. 

The pound slipped under $1.20 earlier as MPs launched their latest effort to block a no-deal Brexit in Parliament. Prime Minister Boris Johnson has indicated an election will be called if MPs vote down the government. 

Marks & Spencer will be demoted from the FTSE 100 after’s today’s close means the company is no longer big enough for inclusion in the index.  

Lloyds revealed it has reached an agreement to buy Tesco’s  mortgage book. The deal will see more than 23,000 residential mortgage customers transferred over. 

Restaurant Group’s profits have fallen after the Wagamama owner was hit by large one-off costs. 

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