Rolling coverage of the latest business and markets news, as Brexit fears hit currency and stock markets
- No-deal Brexit is now likeliest, Ursula von der Leyen tells EU leaders
- Ports gridlocked and retailers struggling as Brexit deadline looms
- UK business travellers to EU ‘face fines’ over post-Brexit permits
DATA FLASH: US producer prices barely budged in November, with the PPI index showing a 0.1% monthly rise.
That compares to a 0.3% rise in October, and marked the smallest gain since April. It is also lower than economist expectations for a 0.2% increase.
The pound is now at its lowest level since mid-November against the US dollar at 1.314.
