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London's FTSE 100 falls 1% as miners and tech weigh; BoE holds rates
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London's FTSE 100 falls 1% as miners and tech weigh; BoE holds rates
Jun 18, 2026 10:10 AM

(Updates after markets close)

* FTSE 100 down 1%, FTMC down 0.1%

* Tesco ( TSCDF ) falls on weak Q1 sales growth

* Intertek ( IKTSF ) up after agreeing EQT takeover

* BoE holds rate as expected

By Utkarsh Hathi and Tharuniyaa Lakshmi

June 18 (Reuters) - Britain's FTSE 100 fell on Thursday,

pressured by miner and technology shares, while the Bank of

England left interest rates unchanged, as widely expected.

The blue-chip FTSE 100 index closed 1% lower at

10,399.70 points, while the midcap FTSE 250 eased 0.1%.

The BoE held rates at 3.75%, with only two of the nine-member

committee voting in favour of a rate hike amid persistent

inflation concerns.

The U.S. Federal Reserve also held rates on Wednesday, though

nine Fed policymakers forecast a rate hike this year.

"The conditions don't seem in place for sustained

inflationary pressure. So we think the BoE will be able to avoid

the kind of monetary tightening that the European Central Bank

has already started to deliver and that the Fed hinted at last

night," said Luke Bartholomew, deputy chief economist, at

Aberdeen.

* Precious metal miners declined the most, as

gold and silver prices eased. Fresnillo and Hochschild

Mining fell 5.8% and 7.2%, respectively.

* London Stock Exchange Group ( LDNXF ) was the biggest

individual faller, down 7% after Rothschild Redburn downgraded

the stock to "neutral". Technology shares more broadly lost 3.3%

.

* Interest rate-sensitive homebuilders were

down 1.1%, with Persimmon falling 6.1%.

* The world's largest exhibition group Informa ( IFPJF ) was

the biggest gainer on the FTSE 100, rising 2.5% after

forecasting stronger growth in 2027.

* Oil giants BP and Shell fell 1.6% each, as

oil prices touched their lowest since the start of the Iran war.

* Intertek ( IKTSF ) gained 1.6% after the testing and

certification firm agreed to a takeover by Swedish private

equity firm EQT.

* The northern English constituency of Makerfield votes on

Thursday in a local election that could trigger a leadership

challenge to Prime Minister Keir Starmer, who has vowed to

remain in office.

* "Political uncertainty is impacting investor sentiment and

has also manifested itself in higher bond yields than the

economic data would suggest, particularly at longer durations,"

said Clive Beagles, senior fund manager at J O Hambro Capital

Management. "The impact is felt more strongly in the FTSE 250

than the FTSE 100 because it has greater domestic exposure."

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