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US gloom weighs on London

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Times Online – Britain’s leading share index stayed in negative territory in mid-morning trading after failing to shake off concern about rising US debt and growing fears that General Motors will file for bankruptcy protection by Monday.

The FTSE 100 was down 42.78 points at 4,373.45 by mid-morning, although the pound, which yesterday hit a seven-month high of $1.60, made up earlier overnight losses to trade at $1.5935.

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