FTSE Slumps Amid Rate Holdouts

FTSE 100 slips 1% as mining and tech stocks drag, while BoE holds rates steady at 3.75%—a move widely anticipated—amid signs UK inflation isn’t poised for long-term pressure. U.S. Fed also keeps rates, but hints at possible hikes later this year. Precious metals and tech take major hits, even homebuilders feel the squeeze. But bright spots emerge: world’s biggest exhibition group surges on growth forecasts, and a testing firm climbs after a takeover deal. Still, political uncertainty looms large, weighing especially on the more domestically exposed FTSE 250. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/81ad54012168769d