Pound falls to almost $1.20 but UK industrial output recovers

ONS figures show rise in manufacturing and energy in November, although record imports outweigh higher exports

The pound has fallen to a fresh 10-week low against the dollar as Brexit fears and the prospect of a Donald Trump bounce for the US economy gripped the markets.

For the first time since 25 October, sterling fell to almost $1.20 before it mounted a recovery after figures showed the UK's industrial sector returned to health in November.

Related: UK firms brace for further Brexit price rises, surveys show