UK Stocks Fall for Fifth Day on Inflation Fears
UK stock indexes closed at one-month lows as rising crude oil prices fuelled inflation worries. A firm U.S. producer prices reading also boosted expectations of a future interest rate hike.
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United Kingdom's FTSE 100 fell 0.57% to 10,608.92 points on Thursday afternoon, marking its fifth straight day of losses. It is the blue-chip index's weakest close since late July amid mounting inflation worries. The decline mirrors broader global market jitters as commodity prices surge.
