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FTSE falls as banks and builders resume Brexit slide

FTSE 100 falls as shares in companies exposed to the UK domestic economy resume slide amid political turmoil over Brexit deal.

FTSE falls as banks and builders resume Brexit slide

Update: The FTSE 100 has fallen as shares in banks and house builders resumed their slide over the turmoil surrounding the UK's exit from the EU.

The UK blue-chip index fell nine points to 7,029, having closed yesterday only marginally lower on a day of political drama, buoyed by the pound's heavy fall.

The pound lifted from yesterday's lows, up half a cent against the dollar at $1.284.

But stocks exposed to the UK domestic economy, which were hit hard yesterday, continued to slide.

Banks fell to the bottom of the FTSE 100 for a second successive day, with Royal Bank of Scotland (RBS) down 2.7% at 218.2p, Lloyds (LLOY) falling 1.6% to 54.5p and Barclays (BARC) off 1.1% at 164.6p.

House builders endured another day in the red. Persimmon (PSN) fell 2% to £21.35 and Berkeley (BKGH) dropped 1.5% to £33.76.

On the FTSE 250, CYBG (CYBGC), owner of the Clydesdale and Yorkshire banks and Virgin Money UK, was down 2.9% at 255.4p.

House builders Bovis (BVS) and Crest Nicholson (CRST) were down 1.4% at 951.6p and 2.2% at 336.6p, respectively.

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