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Equities in London closed the day much lower with investors selling resources stocks and heading for gold on doubts about whether US President Donald Trump will be able to deliver on his healthcare and fiscal stimulus promises.
Sterling posted robust gains on major crosses on Monday, in part due to a weaker dollar as traders pondered whether US President Donald Trump can deliver on his promises and also as some in the market believe sterling may be undervalued after the UK's Brexit vote in 2016.
Gold surged on Monday afternoon as traders rattled by US President Donald Trump's failure to get his Healthcare Bill passed in Congress on Friday sparked a rush away from the dollar to safe-haven assets such as the yellow metal.
