The FTSE 100 opened down on Tuesday morning, and the pound fell to its lowest level in a year against the dollar.
The FTSE 100 opened down 0.88 percent, or 62.88 points at 7,568.56, with other European markets following suit. The DAX is currently down 1.73 percent down to 12,612.09, with the IBEX down 1.42 percent to 9,631.00.
The biggest risers on the FTSE on Tuesday are Ferguson plc (LON:FERG), up 1.61 percent and British American Tobacco, up 0.83 percent. The biggest faller is Ashtead, which is trading down 6.16 percent after releasing their full year results.
The pound also fell to its lowest level in a year against the dollar, down to $1.32, with an escalation in the global trade dispute on the cards.
