By Pranav Kashyap and Khushi Singh
(Reuters) -British equities fell on Friday amid escalating tensions in the Middle East and dampened risk appetite following hawkish remarks from Federal Reserve officials, while investors braced for the release of key U.S. and UK economic data.
By 8:10 GMT, both the internationally oriented FTSE 100 and the more domestically focused FTSE 250 lost 1% each and looked set to post weekly declines.
All sub-indexes were lower across board, with personal goods leading losses with a 2% drop.
Markets globally assessed the news that Israel braced on Thursday for the possibility of a retaliatory attack after its suspected killing of Iranian generals in Damascus this week, and Prime Minister Benjamin Netanyahu said the country would harm “whoever harms us or plans to harm us”.
“Investors are having to seriously consider the potential that what’s going on in the Middle East will get worse before it gets better and…
