FTSE sees losses of over 200 points for first time since last November

The FTSE has slid to losses of over three per cent in late trading, down over 200 points. The index has hit levels not seen since 22 January, with the biggest daily loss since November.

Other European indices are still falling as well with US markets down despite some strong data prints. Worries stem from better Fed predictions for the US economy, with chairman Ben Bernanke suggesting that Fed tapering of QE could begin sooner than expected.