FTSE 100 slides

On Friday London stocks fell amid weakness in markets around the world as the US Fed have indicated interest rates could remain high.

The FTSE 100 is down 0.3% and the midcap FTSE 250 fell 0.3%, whilst the pound was down against the dollar at $1.2653.

“London market is taking a lot of its lead from global markets. A decent U.S. inflation print, various Fed officials coming out and trying to send a higher for longer message on rates,” said Richard Flax, Chief Investment Officer of Moneyfarm.

If you were hoping for signs of resilience in the global economy, the message is a little bit more downbeat on the margin than you might have hoped.