The FTSE 100 index of leading UK company shares finished the week at 6,663.74, closing down 109.54 (+1.62%) on the day and down 165.56 points or 2.42% over the week.
The index closed at a 5 week low on the back of a major rout in Latin American currencies.
Argentina has effectively given up on its battle against a declining currency, deciding to relax its foreign exchange controls the day after the peso experienced its biggest daily decline in 12 years, falling 11% against the US dollar.
The biggest faller in London was Aberdeen Asset Management, down 5.7% on the day, with its value exposed to emerging market currencies.
Over a year the FTSE 100 has risen from 6,264.90, a rise of 398.84 points or 6.37+%.
£1 is worth $1.65020 US or €1.20610 Euros.
Brent Crude Oil Futures is currently priced at $107.93/barrel. Gold is $1,267.00/ounce and Silver is $20.19/ounce.
The UK Bank Rate is 0.5% and CPI inflation was 2.0% for the year to December 2013.
