FTSE 100 extends loss on Friday

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Source: Dukascopy Bank
British FTSE 100 extended drop on Friday as miners and banks kept pushing index lower. Additionally data showed UK mortgage approvals declined more than expected in February. Randgold Resources fell 5% and Rio Tinto shed 1.4%. Royal Bank of Scotland Group lost 1% and HSBC Holdings slipped 1.2%. On the upside BT group rallied 6% on news telecom company finally reached its pension plan agreement. At the moment of writing FTSE 100 index is trading 0.38% or 22.37 points lower at 5,823.28.

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