FTSE 100 falls 0.3% to 10,785 points as oil prices decline

  • FTSE 100 declined after two sessions of gains as investors assessed central-bank decisions and oil prices.
  • UK retail sales increased 0.5% in August, beating expectations for a 0.2% decline.
  • Saudi Arabia worked to restore East-West pipeline flows as oil prices fell for a third session.

London’s FTSE 100 fell 0.3% to 10,785 points on Friday, ending a two-session advance as investors considered recent central-bank decisions and continued weakness in oil prices. The Bank of England kept rates unchanged on Thursday but warned that a prolonged Middle East conflict could lead to tighter policy. The Federal Reserve and Bank of Japan raised rates this week and indicated that further tightening remained possible this year. Oil prices fell for a third straight session as Saudi Arabia worked to restore flows through its East-West pipeline, ahead of US President Donald Trump’s planned meeting with Gulf leaders next week. UK retail sales rose 0.5% in August, reversing July’s decline and beating expectations for a 0.2% fall, with department stores benefiting particularly from resolved stock availability problems.

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