FTSE falls to five-month low as Greek deadline looms

The FTSE 100 has fallen to a five-month low in early trading as investors continue to worry about the resolution of latest Greek debt talks.

The FTSE fell as much as 0.7% to 6,651 at the open, its lowest level since mid-January, before settling 0.5% lower at 6,680 by mid-morning. This follows another down day for the index on Monday, as investors worry that Greece will not reach a deal with creditors. Greece needs to seal an extension on its bailout repayments before they expire on 30 June or risk defaulting on its €313bn debt. The latest hurdle saw both sides harden their stances, after creditors walking out of last-minute talks over the weekend. Europe's indices also suffered with Germany's Dax shedding 0.9% and Fr...