FTSE 100 Ends Week Lower
2026-03-13 16:28
By
Joana Ferreira
1 min. read
London’s FTSE 100 fell 0.5% to 10,254 on Friday, closing a volatile week down 0.2%, as investors digested disappointing UK GDP data and assessed the impact of escalating Middle East tensions on Bank of England policy ahead of next week’s meeting.
Data from the ONS showed the UK economy stalled in January, missing expectations of 0.2% growth.
Despite the sluggish growth, soaring energy prices tied to the US and Israel’s conflict with Iran have led investors to price in roughly an 80% chance of a 25-basis-point rate hike by year-end.
For the March meeting, the Bank rate is expected to remain unchanged, with market attention focused on the vote split, where a 7-2 or 6-3 outcome is seen as most likely.
Fresnillo (-5.8%), Rolls-Royce (-4.8%), Antofagasta (-4.7%), IMI (-4.7%) and Mondi (-4.5%) led the losses.
Housebuilder Berkeley Group slid more than 2%, despite reaffirming its profit guidance for the year, noting that the Middle East conflict is “weighing heavily on risk sentiment.”