U.K. stocks fell from an all-time high on Wednesday, as geopolitical risks returned to the fore after U.S. President Donald Trump expressed doubts his high-level meeting with North Korea will happen. The pound slumped to a 2018 low after data showed U.K. inflation unexpectedly fell in April. What are markets doing? The FTSE 100 index UKX, -0.66% lost 0.6% to reach 7,832.77, after logging two straight days of record closes. The pound GBPUSD, -0.4690% dropped to an intraday low of $1.3346, from $1.3432 late Tuesday in New York, after inflation data missed forecasts. Sterling is now trading around its lowest level since late December.via