The FTSE 100 Index closed Thursday down 0.4% to 7471 points on the back of higher U.K. yields while the potential demise of Thames Water put the utilities sector under pressure, IG Group chief market analyst Chris Beauchamp says in a note.
UK Wage Growth Will Keep Interest Rates High 1038 GMT - U.K. wage growth is staying high and any downtrend will likely be gradual, suggesting Bank of England rate cuts will come later than the. | June 12, 2023
The FTSE 100 Index closed up 0.1% to 7570 points in a positive start to the week for financial markets, despite a slip in miners and oil-exposed stocks, as focus remains on interest-rate decisions from the Federal Reserve and European Central Bank late.