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London Markets: FTSE 100’s lower close seen as ‘a pause for last week’s global rebound’

U.K.’s blue-chip stocks finished in the red Monday after last week’s strong performance, with losses for consumer-goods heavyweight Reckitt Benckiser Group PLC pressuring the London market’s benchmark.

How markets are moving

The FTSE 100 UKX, -0.64% was down 0.6% to end at 7,247.66.

The index last week gained 2.9%, representing its strongest week since December 2016.

Read:Which markets are closed on Presidents Day?

The pound GBPUSD, +0.0143% traded at $1.4001, down moderately from $1.4033 late Friday in New York.

The yield on the 10-year gilt TMBMKGB-10Y, +1.36% was recently up 2 basis points at 1.59%, according to Tradeweb.

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