The FTSE 100 has clocked up its worst week since January amid renewed market jitters over conflict in the Middle East.
Rising geopolitical tensions and fading hopes over early interest rate cuts have been weighing on London’s main markets.
The FTSE suffered an initial sell-off fuelled by concerns over Israel’s overnight attack on Iran in response to Tehran’s drone and missile strikes last week.
By the end of the session it had erased most of those losses – and ended up 0.2 per cent, or 18.8 points, to 7895.85 – but was still down 1.25p over the course of a week that has seen geopolitical tensions build.
London’s leading share index had last suffered a worse week when it fell 2.14 per cent in the week ending January 19.
Rising tension: The FTSE suffered an…
