Testimony from the Bank of The
The decline meant that traders only got a short-lived boost from encouraging manufacturing figures from overseas.
Sterling was lower against the dollar, at 1.70, and the euro, at 1.25, after Bank of
The dollar was also boosted by sales of new US homes which rose more-than-expected in May to the highest level in six years.
Despite the recent spike in oil prices and this week's strike by air traffic controllers in
In corporate news,
Results yesterday showed a fall in underlying profits to pound(s)4.6 million but with a store refresh programme well under way
Speciality chemicals firm
The biggest risers on the
The biggest fallers on the
Testimony from the Bank of