FTSE CLOSE: Stock markets around the world slide as strengthening dollar spooks investors; Inflation ticks back up to 2.5%
The FTSE 100 closed down 113.77 points at 7497.87 and the pound was at $1.27 against the dollar.
Stock markets around the world are sliding into the red as a strengthening dollar spooks investors and threatens emerging markets.
In the UK inflation has ticked back up to 2.5 per cent according to the latest numbers from the ONS.
Insurer Admiral wheeled in a 9 per cent rise in half-year profits, driven by its motor insurance division, despite the Beast from the East hitting its household arm.