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Market Impact: 0.35
FTSE 100 tumbles as oil shock sends UK borrowing costs back to 1998
Source: invezz.com
Energy Markets & PricesInterest Rates & YieldsMarket Technicals & Flows
The FTSE 100 fell 0.59% to a two-month low of 10,634.49 by 1000 GMT, while the FTSE 250 declined 0.46%. A renewed surge in oil prices lifted UK borrowing costs, with the resulting pressure on equities outweighing the usual support higher crude prices provide to London’s energy-heavy market.
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mildly negative
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