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Pound holds on to gains but FTSE falls

Sterling holds on to gains it recorded on Thursday following the Article 50 court decision, while the FTSE 100 falls.

Businesses are being urged to prepare for the new pound coin that is being introduced in March 2017.

Airline group IAG, the owner of British Airways and Iberia, says the weak pound cost it 162m in the third quarter of the year.

Pharmaceutical giant GlaxoSmithKline saw profits surge in the third quarter, aided by the recent fall in sterling.

Manufacturing exports receive a significant boost from the weakness of sterling, according to the the latest report from the CBI.

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