UK's FTSE 100 fell on Monday as a stronger pound and weaker oil prices weighed on the blue-chip index, while investors kept a close watch on the race for Britain's next prime minister.
fell 0.7% as the pound gained, with Rishi Sunak set to become Britain's next prime minister after his rival Boris Johnson quit the race.
It has now been a month since the Truss government unveiled unfunded tax cut plans that battered investment confidence and put the government at loggerheads with the Bank of England.
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