FTSE sinks

The FTSE 100 has had a bad day, falling 1.1% to 7,298 points. Many of its companies make most

of their earnings abroad and the jump in sterling today means a strong pound dampens profits when they are converted into sterling. The day's big winner was Next, which jumped 13% after raising guidance for the full year. Morrisons slipped 5.1%, making the supermarket the biggest faller.
http://www.bbc.com/news/live/business-41204291