Sterling set for third week of decline as shares slip after Barcelona

European share prices slid following yesterday's terrorist attacks in Spain

Political uncertainty is dragging sterling lower Pic: Getty

Sterling was on track for its third weekly decline against both the euro and the dollar while share prices across Europe slid following the terrorist attacks in Spain which added to growing investor unease over US foreign policy paralysis and lingering tensions over North Korea.

Travel shares led the decline in European stock markets with the FTSE 100 down by one per cent by 12.30 p.m. while French shares lost 1.1 per cent, ...