Pound on track for best week this year despite recession worries; Gatwick strikes called – as it happened

St. Paul's Cathedral in the City of London, UK. Photograph: Bloomberg/Getty Images

4.53pm BST

Closing post

That’s all for another week – here are today’s main stories:

And do check out our investigation into addiction in the gaming industry:

Have a lovely weekend. GW

4.50pm BST

FTSE 100's best week since March

Despite an underwhelming day’s trading today, Britain’s blue-chip share index has just posted its best week since the spring.

The FTSE 100 index has gained 2.45% this week, or 177 points, to close at 7,434 points tonight.

Today it lost 5 points, in a rather dreary session.

But its weekly gain is the best since the last week of March.

Stocks have been lifted by optimism that America is winning in its battle against inflation, after the CPI index rose by 3% in the year to June.

That raised the hope that “the Federal Reserve is near to the end of its interest rate hike cycle,” says Danni Hewson, head of financial analysis at AJ Bell.