Country: GB | Published: 2026-09-24
UK equities drifted lower as traders weighed mixed signals from the Bank of England, with one policymaker suggesting most of the tightening work is already done while the OECD argu
UK equities drifted lower as traders weighed mixed signals from the Bank of England, with one policymaker suggesting most of the tightening work is already done while the OECD argued rates can hold steady as inflation cools faster than expected. Business surveys added to the cautious mood, with UK PMIs softening against stronger eurozone readings and retailers reporting a sales drop alongside the sharpest order cutback on record. Sterling's recent weakness against the dollar keeps imported cost pressures in focus, leaving the market caught between cooling inflation and fragile consumer demand.