FTSE 100 slips as inflation fears build on oil rise
EWU•The FTSE 100 fell 0.5% to 10,705.31 points as oil prices rose more than 1.5%, reviving inflation fears ahead of the Bank of England’s policy decision. The FTSE 250 slipped 0.3%.
1. Oil weighs on markets
Britain’s FTSE 100 edged lower as rising oil prices weighed on risk sentiment ahead of US midterm elections and this week’s Bank of England policy decision. Crude rose more than 1.5% after falling 7% on Monday, following an Iranian official’s statement that a deal to end the war remained far off.
2. Sector and stock moves
Aerospace and defence stocks fell 1.2%, while industrial metal miners dropped 2.1% as copper prices hit seven-week lows. Precious metal miners fell nearly 2.7% as gold prices declined 1%. Drax Group jumped 9% after announcing a data-centre development partnership; Associated British Foods fell 3% after forecasting lower annual profit, and Hiscox gained 3% after reporting a 9.5% rise in insurance premiums in the first nine months of 2026.
