1. The pound plunges near its lowest level in 30 years

The pound fell 4.5% against the dollar, its worst month since the Brexit vote in 2016, slipping from $1.225 to below $1.161 today.

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2. Lloyds Banking, NatWest and Barclays still supportive

According to Goldman Sachs (NYSE:GS), strong mortgage lending in the Bank of England’s latest monthly money and credit statistics underscores the attractiveness of the UK banking sector.

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3. Russia stops gas flow via Nord Stream pipeline

Gazprom, Russia’s state-owned energy company, shut down the pipeline at 4 a.m. Moscow time on Wednesday morning.

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4. The FTSE 100 falls again

At the close, the UK blue chip index was down 77.48 points, or 1.1% at 7,284.15, above the day’s low of 7,263.62 but well below the session peak of 7,378.44.

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5. Sainsbury’s will spend £65m on price cuts in September to ease pressure on consumers

The UK’s second-largest supermarket group said £60million of September’s investment would go to food prices.

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