FTSE drops further as interest rate woes continue
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Another lacklustre session on Friday concluded a week of consecutive daily declines for the FTSE as worries over interest rates continued to hamper London trading. EU and UK early economic data for June also missed expectations, pressing down on sentiment Axel Rudolph, senior market analyst at IG, said: “Disappointing EuroZone flash manufacturing and services PMI led to further selling in European equity markets which ended the week in the red after five consecutive days of falling prices. “The FTSE 100 is trading back in negative territory year-to-date and is fast approaching its March banking crisis low as worries of a UK recession due to rapidly rising interest rates mount.” The FTSE 100 moved 0.54%, or 40.16 points, lower to finish at 7,461.87.