FTSE loses ground

Central bankers failed to soothe the nerves of investors today after key reports highlighted the global economy's fragile recovery prospects.

FTSE loses ground

Central bankers failed to soothe the nerves of investors today after key reports highlighted the global economy's fragile recovery prospects.

The FTSE 100 Index shed more than 1.5% - off 84.3 points to 5292.2 - after the Federal Reserve downgraded its economic outlook and began using proceeds from mortgage bonds in an effort to keep borrowing costs low.

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