Shares in London dropped for a second consecutive session on Thursday, with the blue-chip FTSE 100 bottoming below the 7,200 level, dragged by heavyweight materials stocks. Sentiment remained dominated by worries that an aggressive tightening from major central banks to tame sky-high inflation will cause a global recession. B&M European Value Retail and Burberry Group were among the biggest laggards on the index, down 4.5% and 3.7%, respectively. The benchmark FTSE 100 has lost almost 6% in June, putting it on track to post its first monthly decline in four.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on June of 2022.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7015.61 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6466.30 in 12 months time.