London Markets: FTSE 100 pulls back, as trade tensions keep bubbling away

U.K. stocks edged lower Wednesday, as trade war worries persisted ahead of expected Chinese retaliatory tariffs on the U.S. and as the European Union looked at the possibility of an international deal to cut tariffs on auto imports.

But the pound gained modestly following a better-than-expected reading on U.K. services sector activity.

How markets are moving

The FTSE 100 index UKX, -0.15% slipped 0.1% to 7,586.16, as the industrial and tech groups fell. But the telecom and consumer goods sectors rose. The London benchmark on Tuesday rose 0.6%.

The pound GBPUSD, +0.1213% rose to $1.3211 from $1.3193 late Tuesday in New York.

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