London Markets: FTSE 100 faces 4th loss as pound rises, Primark-owner falls

U.K. stocks dropped for a fourth straight session on Thursday, with pressure on London’s blue-chips benchmark coming from continued strength in the pound and a decline in shares of Primark chain operator Associated British Foods following a trading update.

How markets are moving: The FTSE 100 index UKX, -0.32% ended down 0.3% at 7,700.96, moving further away from its an all-time closing high of 7,778.64 hit last week.

The pound GBPUSD, +0.3832% traded at $1.3893, up from $1.3830 late Wednesday in New York.

What’s driving markets:The FTSE 100 lagged behind other European equity benchmarks in Thursday’s session in part as the pound continued to scale at levels against the U.S.

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