The London Stock Exchange has opened sharply, down one per cent as a whole by 9:30am BST, in the wake of Donald Trump applying a ten per cent tariff to imported goods from the UK.
That includes a small amount of ground recovered following an even steeper opening, while around Europe there are even bigger drops in evidence, with Germany’s DAX down 1.3 per cent and France’s CAC 40 down almost 1.7 per cent.