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FTSE 100 Live: UK Stocks Set for Worst Week Since April

FTSE 100 Live: UK Stocks Set for Worst Week Since April

Bloomberg12 hours ago

After rising this morning, the FTSE 100 ended the day in the red, as it rounds off its worst week since April.
Still, Unite made a late gain after Goldman Sachs analysts said the British student accommodation provider was set to benefit from Trump's attempts to curb immigration, which are deterring international students away from the US.
But the FTSE 250, while having slightly pared its earlier advances, ended the day higher and little changed on the week.
That's despite this morning's worse-than-expected drop in retail sales, with volumes falling the most since 2023. In better news for the Treasury, the UK budget deficit came in smaller than estimated in May. Other data painted a mixed picture of Britons' personal perceptions of the economy and their finances.
The pound outperformed most of its G-10 peers, though sits around flat now, hovering around the midpoint between $1.34 and $1.35. Gilt yields ended the day broadly little changed.
Have a great weekend.

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