UK FTSE 100 Posts Biggest Weekly Drop Since April
The UK benchmark index recorded its steepest weekly drop since April following a global bond market rout. Gilt yields retreated from multi-year highs while banking stocks remained under pressure.
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The United Kingdom's FTSE 100 posted its steepest weekly drop since April, falling 2.2% following a sharp government bond sell-off. The blue-chip index closed 0.32% higher on Friday at 10,461.95 points, while the FTSE 250 ended flat at 24,194.24. Investor risk appetite cooled as wild volatility across global bond and currency markets rattled portfolios.
