Oil is being driven lower by oversupply.
The financial, energy and materials sectors were driven lower by concerns about the euro zone.
Overall, food prices are 2.7 per cent lower than a year earlier, according to the ONS, as prices are driven lower by global oversupply.
The FTSE 250 has been driven lower by some undeniably British retailers - Halfords and Carpetright both put out profits warnings this morning, for example.
Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York, said some in the market were speculating that the yen had been driven lower by non-Japanese investors.
The lira has been driven lower by bickering among leaders of Turkey's ruling coalition, which delayed $3.2 billion of loans from international lenders, and by concern that Argentina will default on its debt.
Roy C. Smith, a professor of finance at New York University, said that bank stocks have been driven lower by the government's infusion of capital, and many shareholders view that as a step toward nationalizing the banks.
Foxtons said prices had been driven lower by an increase in the supply of rental properties, after buy-to-let landlords rushed to complete purchases before the stamp duty changes in April 2016.
The euro and stocks worldwide were driven lower by the ban imposed by the German financial regulations agency, BaFin, on naked short-selling in shares of 10 of the country's most important financial institutions.
Borrow to give all our nation's kids good schools and healthy bodies, and that's a smart investment -- no less important to America's future prosperity than any private-sector machinery or real estate made slightly cheaper because interest rates were driven lower by debt repayment.
