Middle East tensions cause FTSE 100 to drop as concerns over inflation rise

From Nasdaq: 2025-06-17 07:51:00

The FTSE 100 index of the London Stock Exchange dropped as the Israel-Iran conflict escalated, with concerns over inflation and the upcoming Bank of England interest rate decision. The index traded between 8,809.91 and 8,875.22, closing at 8,875.22 on Monday. Currently, it is at 8,842.15, down 0.37 percent. Only 22 stocks are in the green, with BP up 1.6 percent and Bunzl down 2.87 percent. The GBP/USD pair is at 1.3567, while bond yields are slightly below the flatline at 4.5320 percent for the ten-year bond.

Overall, market sentiment is weak due to geopolitical tensions and upcoming economic events.



Read more at Nasdaq: Middle East Tensions Dampen FTSE 100