UK stocks : FTSE 100 falls 0.3 percent

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SummaryBritain's top share index fell on Monday.

has persisted since August.

A resolution to the fiscal cliff, which will come into effect in January if no deal is done, is seen as key to boosting both equity prices and volumes.

We're seeing short positions coming on board with a view to closing at 5,600, TJ Markets head of trading Manoj Ladwa said.

(If a deal on the fiscal cliff is reached) you'll start seeing volumes returning back to the market and the index creeping up towards the high end of the range around 5,900.

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