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Pound rises as Brexit trade deal talks continue – business live

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Rolling coverage of the latest economic and financial news

Tens of thousands of hospitality firms in other parts of the country under tier 3 restrictions are already closed, of course, ahead of London’s move.

My colleague Rob Davies explains:

In a move described as “another nail in the coffin” by the pubs trade body, at least 15,489 venues in the capital, as well as parts of Essex and Hertfordshire, will be moved into tier 3 from Wednesday.

They will join a list of 35,742 that are already effectively closed in areas such as Greater Manchester, Kent, the east Midlands and parts of Yorkshire. The change means more than 53% of English hospitality venues will be unable to offer anything except takeaway and delivery.

Related: London's move to tier 3 'will put thousands of hospitality jobs at risk'

After a bright start, the UK stock market lost some of its zip by the close.

The FTSE 100 has ended the day down 14 points or 0.23% at 6531.

Related: AstraZeneca shares slump after it agrees $39bn Alexion buyout

Ocado is one of the top performers on the FTSE 100 and that is connected to the fact the London and portions of the south east will endure tougher restrictions from Wednesday.

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