U.K. stocks fell the most among major western-European markets, dropping for a fifth day amid a rebound in the pound. The FTSE 100 Index lost 1.1 percent at 9:40 a.m. in London, taking its slide for the week to 4 percent. The gauge, which rallied as much as 14 percent this year and reached a record in October, is heading for its worst weekly decline since January as the nation’s currency strengthened against all of its major peers. The equity measure is heading for its lowest level since mid-September. Goldman Sachs Co-head of Global Macro & Markets Research Francesco Garzarelli discusses with Guy Johnson on "Bloomberg Markets: European Open."