BNP Paribas to exit US retail market with $16.3bn Bank of the West sale
European banks have been retreating from US after struggling to compete with big lenders
European stocks drop as Omicron worries intensify
Travel stocks fell 1 per cent, but were above their intra-day lows touched earlier in session
Sterling hits four-month low on weaker retail sales
Against the euro, sterling weakened 0.3 per cent to 89.26 pence in early trading
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