London’s FTSE 250 slumps and pound weakens as UK gilt yields spike

London’s stock markets faltered on Wednesday with the FTSE 250 slumping to a five-month low (Yui Mok/PA) - (PA Wire)

London’s stock markets faltered on Wednesday, with the FTSE 250 slumping to a five-month low and the pound weakening as UK long-term borrowing costs continued to spike.

The FTSE 100 was treading water, closing just 5.75 points, or 0.07%, higher at 8,251.03.