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UK stocks decline before Bank of England rate decision
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UK stocks decline before Bank of England rate decision
Jun 18, 2026 3:08 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

* FTSE 100 down 0.9%, FTMC down 0.6%

* Tesco ( TSCDF ) falls on weak Q1 sales growth

* Intertek ( IKTSF ) up after agreeing EQT takeover

* BoE rate decision at 12:00 GMT

June 18 (Reuters) - Britain's main stock indexes fell on

Thursday, pressured by financials and materials as investors

awaited the Bank of England's rate decision and assessed the

Federal Reserve's hawkish policy outlook.

The BoE is widely expected to hold rates at 3.75% later this

morning, after the U.S. Federal Reserve kept rates unchanged on

Wednesday. However, nine Fed policymakers expect a rate hike

this year as inflation concerns continue to weigh on consumers.

The blue-chip FTSE 100 index fell 0.94% to 10,410.01

points by 10:16 GMT, while the midcap FTSE 250 slipped

0.63%.

* Among financials, London Stock Exchange ( LDNXF ) fell 3.5%

after Rothschild Redburn downgraded the stock to "neutral",

while investment firm 3i Group ( TGOPF ) declined 4.3%.

* Precious metal miners led sectoral losses,

falling 5%, with Fresnillo and Hocschild Mining

down 5.8% and 7%, respectively.

* UK's biggest food retailer Tesco ( TSCDF ) slipped 2.2%

after reporting a slowdown in first-quarter sales growth.

* Rate-sensitive homebuilders shed 2.6%, with

Persimmon falling 6.4%, the worst performer on the

benchmark.

* Intertek ( IKTSF ) gained 1.5% after the testing and

certification firm agreed to a takeover by Swedish private

equity firm EQT

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

the top performer on FTSE 100, rising 2.3% after forecasting

stronger growth in 2027.

* Oil giants BP and Shell declined 1.5%

each, as oil prices reached to their lowest since start of Iran

war.

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