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London Markets: FTSE 100 ends lower as British American Tobacco’s stock gets smoked

U.K. stocks on Monday kicked off the week on a downbeat note, as shares of British American Tobacco finished the day nearly 12% lower on reports of increased regulation by the FDA.

How are markets performing?

The U.K.’s FTSE 100 UKX, -0.74% closed 0.7% lower at 7,053.08, after finishing last week with a moderate 0.2% gain.

The British pound GBPUSD, +0.0856% was off to a weak start at the beginning of the week, as Brexit negotiations weighed. One pound last bought $1.2850, down from $1.2974.

What’s moving markets?

U.K. Prime Minister Theresa May continues her attempts to forge a new agreement with EU for its life outside of the trade bloc.

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