London midday: Stocks pare losses as Brexit woes hit pound; profit warnings weigh

London stocks had pared losses by midday on Tuesday as Brexit worries weighed on the pound, but escalating tensions between the US and China and a series of profit warnings kept investors on edge. The FTSE 100 was down 0.4% to 7,598.37, well off earlier lows as sterling's losses against the greenback accelerated, with the currency down 0.6% at $1.3162 and trading below 1.3180 for the first time in seven months after Prime Minister Theresa May lost a vote on her Brexit legislation in the House of ...

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