UK shares tracked global equities lower on Tuesday, after the U.S. hit top trading partners with new tariffs, while falling oil prices weighed on shares of energy companies.
FTSE 100 tumbles as Trump tariffs spark falls across global markets - The blue-chip index suffered its biggest falls since October 8 last year as markets across the world sank on the latest tariff news.
The FTSE 100 (^FTSE) and European markets were mixed in early trade on Thursday, amid more tariff uncertainty sewn by US president Donald Trump and an incoming interest rate decision by the European Central Bank (ECB).
The pound jumped to a four-month high against the dollar as Donald Trump’s tariff plans backfired. Sterling rose above $1.29 for the first time since November as the US president announced a one-month reprieve for car makers from his tariffs against Mexico and Canada.
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UK shares tracked global equities lower on Tuesday, after the U.S. hit top trading partners with new tariffs, while falling oil prices weighed on shares of energy companies. The blue-chip FTSE 100 was down 0.