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2026-10-19T21:52:00.000Z

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FTSE 100 Falls Over 1 Percent

FTSE 100 Falls Over 1 Percent

The British FTSE 100 index dropped by more than 1%, marking a decline after three sessions of gains, amid selling pressure on banking and mining stocks. The banking sector was particularly affected, especially the "Barclays" shares, which fell by 3.5% following investigations by the Bank of England into allegedly providing inaccurate descriptions of certain private credit loans, potentially leading to a reduced assessment of risks. Mining stocks also declined, with "Anglo American" down by 4% and "Glencore" dropping more than 3.5%. Investors are closely watching upcoming UK data on inflation and retail sales, as well as the upcoming budget speech by the Chancellor. Meanwhile, oil prices fell after rising for five consecutive months, amid estimates that tensions in the Middle East could impact supply.

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