According to @business, the FTSE 100 is set to fall amid a broad selloff while the pound gains, signaling risk-off conditions in UK equities. Bloomberg notes the stronger GBP can compound pressure on the FTSE 100 given its exporter-heavy composition, where a large share of constituent revenues come from overseas, as highlighted by FTSE Russell. For crypto traders, the IMF has documented a tighter correlation between crypto assets and equities since 2020, implying UK equity stress can spill into BTC and ETH during risk-off sessions.