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By Sruthi Shankar
(Reuters) -Britain’s FTSE 100 was on course for its longest weekly losing streak since March 2020 on Friday, as investors grappled with uncertainty around the outlook for interest rates and political turmoil in Europe.
The blue-chip FTSE 100 index slipped 0.2%. The benchmark was headed for a fifth straight weekly decline, falling 1.2%.
The knock-on effects from French President Emmanuel Macron’s gamble to call snap elections, a hawkish projection from the U.S. Federal Reserve and weaker-than-expected UK GDP data for April weighed on the British markets this week.
Investors will now shift focus to domestic inflation report and the Bank of England’s (BoE) monetary policy meeting – the last…
