Poor results from Amazon overnight hit sentiment this morning and the FTSE 100 was down over 1% in early trading. Disappointing results from NatWest (see later) didn’t help. However, some stronger figures on US consumer spending provided some reassurance and the FTSE 100 ended the day only 0.37% down at 7,047. The FTSE 250 was 0.9% down at 17,916.

The pound continued its week-long rise, gaining a further 0.2% to reach almost $1.16.

In the movers today we look at how ASOS has been hit by Amazon’s weak numbers, and we consider two pieces of good news for drugs giant GSK.