Barclays profits plunge as bank warns of challenging year ahead

Chief executive says there is 'a level of caution' among banking customers

Barclays has reported a fall in profits of more than 80% in the third quarter as its chief executive, Jes Staley, warned of the impact of the UK economic uncertainty on the year ahead.

"We acknowledge that the outlook for next year is unquestionably more challenging now than it appeared a year ago, in particular given the uncertainty around the UK economy and the interest rate environment," Staley said.

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