FTSE 100 and pound plunge after Ukraine invasion.
Equity markets across the globe nose-dived on Thursday after Russia launched an invasion of Ukraine, with a massive shift to risk-off trade pummelling stocks and benefiting gold prices and the US dollar. Worst hit in London were Russia-exposed stocks, such as Polymetal International and Evraz. Safe haven asset gold advanced as investors turned risk-adverse and oil prices shot up past $100 a barrel as investors brace for the next round of Western sanctions on heavyweight oil exporter Russia. The FTSE 100 index tumbled 291.17 points, or 3.9 percent, to...
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