However, the pound’s weakness boosted the UK’s FTSE 100 share index – which features companies that make a significant proportion of their profits in dollars – as it closed at 7,097.5, near its record closing high of 7,104 last year.
Following the Brexit vote and the subsequent drop in the exchange rate of the British pound to U.S. dollar, the FTSE 100 Index reaches an all-time intra-day high of 7,129.