U.K. stocks are trading cautiously in a narrow range as investors seek direction following record highs earlier in the week. Concerns about President Trump’s tariff threats and a sharp drop in sentiment in the manufacturing sector are impacting the market. The FTSE 100 is down 0.1% at 8,536.48. Decliners include Entain, JD Sports Fashion, and Associated British Foods. Auto Trader Group, Fresnillo, Glencore, and others are down 1 to 2%. Intermediate Capital is up 1.8%, while Centrica and others are advancing 1 to 1.3%. Reports show a significant decline in UK manufacturing sentiment and factory orders in January.

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