This week’s rise in sterling was accompanied by the biggest drop in the FTSE 100 since January. A fall of 97 points on Friday to 6,693 points brought the cumulative loss over the week to 301 points – a 4.3% decline. Facebook Twitter Pinterest Lead claimant in the article 50 case, Gina Miller (centre), gives a statement outside of the high court in London. Riyadh is reportedly threatening to turn the screw on Tehran before this month’s crucial Opec meeting by increasing its own output to push prices even lower. Saudi Arabia produces up to 10.7m barrels per day (bpd) at the moment, but Opec sources said it had threatened to open the taps much further.

Source: The Guardian November 04, 2016 18:30 UTC