FTSE 100 slumps as gold purchasing soars

The UK's leading benchmark had fallen 1.1% to 7,323 points by lunchtime with supermarket giant Morrisons leading the way, falling 3.3% to 243p, while ITV also dropped 2.9% to 156p. In the currency markets, the euro climbed 0.56% against the US dollar to €1.205 in intraday trading, the first time it is above €1.20 since January 2015, as the market has priced in little chance of a US interest rate rise in September contrary to the Federal Reserve policy makers' current forecasts. According to the BBC, the euro is up almost 15% against the dollar this year and has strengthened considerab...