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Pound boosted by strong jobs data | |
(about 4 hours later) | |
The pound strengthened against other currencies following the release of strong UK jobs figures. | |
The unemployment rate and total both fell to seven-month lows, official figures showed, while the employment rate hit a record high. | |
There were some signs wage growth had eased, but sterling rose more than a cent against the dollar to $1.5369 and rose 0.5% against the euro to €1.3472. | |
The benchmark FTSE 100 index was down 41.80 points at 6,300.48. | |
Shares in housebuilders came under pressure, with Taylor Wimpey down 2.7% and Barratt Developments down 2.4%. | |
Mining shares reversed earlier losses, which had been triggered by concerns over the strength of China's economy following the release of weaker-than-expected inflation data. | |
After falling more than 3% in early trade, shares in Glencore were up 1.9% shortly after midday. | |
Hargreaves Lansdown shares rose 4.2% after the fund supermarket said it had recorded record inflows of new business. | |
The firm said new business inflows during the three months to the end of September jumped 47% from a year ago to £1.43bn. However, the total level of assets under its management fell by £500m to £54.7bn. | The firm said new business inflows during the three months to the end of September jumped 47% from a year ago to £1.43bn. However, the total level of assets under its management fell by £500m to £54.7bn. |
In the FTSE 250, shares in Domino's Pizza jumped 13% after it reported strong quarterly sales and said its full-year results were set to be above expectations. | |