Global stocks slip back into the red as new Federal Reserve Chairman Jerome Powell hints at four interest rate rises in the US this year.

FTSE 100 dips 0.4pc; ITV falls to the bottom of the index after profits knocked by declining ad marketStocks sell-off sparked earlier this month by fears that rising inflation would force the Fed to hike rates quicker than anticipated.

May is getting it right on Brexit. We can only pray she is not thwarted.

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