FTSE 100 Falls by Over 1%
2026-10-19 15:32
By
Agna Gabriel
1 min. read
The FTSE 100 fell more than 1% on Monday, ending a three-session winning streak as banking and mining stocks led the decline.
Barclays dropped 3.5% after reports that the BoE was investigating whether its traders had misrepresented illiquid private-credit loans to understate their risk.
The news weighed on the wider banking sector, with HSBC and Lloyds Banking Group losing more than 2%, NatWest falling nearly 3% and Standard Chartered declining 2.5%.
Mining shares also came under pressure, as Anglo American fell 4%, Glencore slid more than 3.5%, and Rio Tinto lost almost 2%.
Aerospace and defence stocks weakened, with Rolls-Royce and BAE Systems each down around 2%.
Investors are now preparing for UK September inflation and retail sales data due this week.
Attention is also turning to Finance Minister John Healey’s first budget speech, scheduled for next week.
Meanwhile, oil prices eased from five-month highs as traders assessed Middle East tensions and regional supply resilience.