FTSE 100 Falls to Over 2-Month Low
2026-03-19 16:56
By
Agna Gabriel
1 min. read
The FTSE 100 dropped more than 2% on Thursday to its lowest level in over two months as markets reacted to central banks’ assessments of the Middle East conflict.
The Bank of England kept rates unchanged in a unanimous decision but signaled that a hike remains possible if inflation rises, while the European Central Bank also held rates steady.
Surging oil and gas prices weighed on sentiment, overshadowing relatively positive labour data showing easing unemployment and slower wage growth.
Banking stocks led declines, with HSBC, Lloyds, Barclays and NatWest falling between 3.1% and 8.5%.
Heavyweights also came under pressure, with Unilever down 3%, Rolls Royce nearly 5% and Rio Tinto close to 5%, while Shell, AstraZeneca, BAT and GSK also declined.
Nearly all stocks fell, with BP the exception, rising over 4% after agreeing to sell its Gelsenkirchen refinery to Klesch Group.