New York (AFP) - The London stock market ended the day with another record high Monday, shrugging off weakness on Wall Street and other European markets, as Brexit concerns battered the pound.

London's benchmark FTSE 100 index ended higher for the 10th consecutive session, gaining 0.4 percent to 7,243.76 points and extending a record run higher that began ahead of the new year.

The pound tumbled to its lowest level in three months after British Prime Minister Theresa May insisted over the weekend that Britain would have control over its borders after Brexit, suggesting she would be prepared to quit Europe's trading zone to achieve it.

"The latest slide has been in response to comments from UK Prime Minister Theresa May at the weekend, when she said Britain's exit negotiations will 'not be about keeping bits of membership'," said Fawad Razaqzada at Forex.com

"May's comments suggest it will be a hard exit from the EU, as Britain seeks to control immigration and law-making among other things. Though the Brexit vote has only had a limited impact on the economy thus far, the uncertainty could weigh on business spending in the months ahead," he said.

May's comments come as London prepares to invoke Article 50, which starts a two-year countdown to Britain exiting the European Union.

In other markets, Paris lost 0.5 percent by the close, while Frankfurt fell 0.3 percent.

In the US, the Dow retreated from its march towards 20,000 due to weakness of petroleum-linked stocks. However, the Nasdaq hit a fresh record on gains from Apple and biotech equities.

"I think that people are having a hard time justifying going dramatically above 20,000 in the Dow because of what it would represent in terms of valuation," said Sam Stovall, chief investment strategist at CFRA.

Oil prices fell sharply on doubts about the ability of the Organization of the Petroleum Exporting Countries to executive a production-sharing agreement.

- Key figures around 2200 GMT -

Story continues

New York - Dow: DOWN 0.4 percent at 19,887.38 (close)

New York - S&P 500: DOWN 0.4 percent at 2,268.90 (close)

New York - Nasdaq: UP 0.2 percent at 5,531.82 (close)

London - FTSE 100: UP 0.4 percent at 7,237.77 (close)

Frankfurt - DAX 30: DOWN 0.3 percent at 11,563.99 (close)

Paris - CAC 40: DOWN 0.5 percent at 4,887.57 (close)

EURO STOXX 50: DOWN 0.4 percent at 3,309.52 (close)

Shanghai - Composite: UP 0.5 percent at 3,171.24 (close)

Hong Kong - Hang Seng: UP 0.3 percent at 22,558.69 (close)

Tokyo - Nikkei 225: Closed

Euro/dollar: UP at $1.0574 from $1.0547

Pound/dollar: DOWN at $1.2158 from $1.2284

Dollar/yen: DOWN at 116.07 from 116.29 yen

Oil - West Texas Intermediate: DOWN $2.03 at $51.96 per barrel

Oil - Brent North Sea: DOWN $2.16 at $54.94 per barrel