UK FTSE 100 Slips on Bank and Energy Declines
Londons FTSE 100 dropped 0.8 percent as falling gilt yields and lower oil prices weighed heavily on the index. Technology and software shares advanced following strong forecasts from major industry firms.
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The United Kingdom's FTSE 100 fell 0.8% to 10,792.54 points on Thursday afternoon, marking its steepest one-day drop in six weeks. Weakness in banking and energy equities drove the decline, offsetting gains across technology and software sectors. Investors retreated from defensive holdings as shifting interest rate expectations weighed on major lenders.
