BREAKING - Banks Drag FTSE 100 Lower as U.S. Election Race Gets Tight

• FTSE 100 down 0.2%, FTSE 250 adds 0.2%

(Reuters) - London’s FTSE 100 slipped on Wednesday, with banks, commodity sectors bearing the brunt of a selloff as early results from the U.S. election showed a very tight race between Republican President Donald Trump and his Democratic challenger Joe Biden.

The blue-chip FTSE 100 index was down 0.2%, while the domestically focussed mid-cap FTSE 250 was up 0.2%.

Banks and mining stocks fell between 2.8% and 3.5% after leading a surge in UK stock markets earlier this week on bets of a decisive victory that could pave way for more economic stimulus.

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