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FTSE retreats from 2017 high on firm start for pound

Retrieved on: 2018-01-01 19:27:22

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<div>Non-life insurers were weak with Admiral (ADML), RSA <b>Insurance</b> (RSA) and <b>Direct Line</b> (DLGD) all off more than 2%. The strength of the pound, up 0.5% to $1.3571 against the US dollar, was the main factor in this softness, as it erodes the value of companies' US earnings. Today's weakness continues ...</div>

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