Earlier gains are eroded. UK's FTSE 100 does have and oversized down day

The major European shares are closing marginally lower on the day. The exception is the UK FTSE 100 which tumbled by -1.8%. The GBP has been 1 of the strongest currencies on the day. The strength has traders fearful of the competitive disadvantage that is helping to push the stock index lower.

  • German DAX, -0.1%
  • France's CAC, -0.2%
  • UK's FTSE 100, -1.8%
  • Spain's Ibex, -0.15%
  • Italy's FTSE MIB, -0.1%