The FTSE 100 lost momentum to close marginally lower after earlier hitting another record high during trading on Wednesday.
A number of strong earnings updates helped lift it as high as 8,091.61 but increased caution over interest rate reductions and a weaker opening on Wall Street dragged on its performance during the afternoon.
The top London index finished 4.43 points, or 0.05%, lower to end the day at 8,040.38.
“This week’s sharp rally in stock indices is slowing down,” said IG senior market analyst Axel Rudolph.
“Even though the FTSE 100 made yet another record high, the recovery in the pound sterling following Tuesday’s hawkish remarks by the BoE’s chief economist Huw Pill weighs on the index which is beginning to lose upside momentum.”
Across the Channel, the other major…
