FTSE 100 edges lower as pound rebounds on Brexit trade talk hopes

The FTSE 100 backed down from Thursday's record highs as the pound rebounded on reports that the EU was working on proposals for a post-Brexit trade deal with Britain.

London's blue chip index ended the session down 0.28% or 20.8 points at 7,535.44, edging down from record highs of 7,556.24 a day earlier, having been spurred by a decline in the pound amid fears over stalled Brexit talks.