London open: Stocks flat as pound gains on Brexit breakthrough

London stocks were little changed in early trade on Friday as the pound ticked higher after a breakthrough in Brexit talks. At 0840 GMT, the FTSE 100 was flat at 7,323.82 as the pound rose 0.5% against the euro to 1.1502 and 0.2% versus the dollar to 1.3503. A stronger pound tends to hold back the top-flight index as around 70% of its constituents derive most of their earnings from abroad. European Commission President Jean-Claude Juncker said "sufficient progress" has been made in the first ...

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