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Bitesized Blighty: January 13, 2017

Immy Ransom

We had a rough start to our Monday morning, due to the strike by London Underground station staff, which shut down much of the city's subway network through Tuesday morning. The union has warned that strike action will be escalated by London Underground (LU) workers on 6 February unless a dispute over ticket office closures can be resolved. We are all really hoping they can resolve the issues before February 6th!

London's FTSE 100 was on track to set yet another record high, with shares in housebuilders leading the way. Shortly after midday, the index was up 25.48 points at 7,317.85, putting it on track for its 14th gain in a row and its 12th straight record closing high. Additionally, on the currency markets, the pound was up 0.4% against the dollar at $1.2212, and rose 0.2% against the euro to €1.1488. The pound is $.20 lower than it was on this date in 2016!

We had our first snowfall of 2017, and although we thought we would be having a blizzard, we were only able to see a mere sprinkling of snowflakes on the first day of the Big Chill.  The Big Chill swept in from Arctic Canada yesterday and forecasters are predicting another cold snap, from the Baltic region, to hit the South East next week.

Russia's relations with Britain have gone into the deep freeze as Moscow blamed MI6 for the dossier. According to the Russian Embassy in London’s tweet, Mr. Steele was still working for MI6 and "briefing both ways" against Mr. Trump and Moscow. 

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