Finally, after holding up for four months, the FTSE 100 has just plummeted below a hugely important level. Lee Wild discusses the fallout.
The FTSE 100 fell 80 points to 7215 on a good day for the sterling.
London's FTSE 100 was down 1.1% to 7,216.19 in afternoon trade on Friday, dented by the pound, which shot up to its highest level since the Brexit vote after BoE policymaker Gertjan Vlieghe reinforced expectations of a rate hike sooner than forecast.