By other European markets, London stocks declined for the second consecutive session on Thursday. Energy shares were the most significant negative factor, and investors maintained their apprehension in anticipation of the Federal Reserve's critical inflation gauge release on Friday.
UK100: Eyes On the UK GDP
The blue-chip FTSE 100 and the mid-cap FTSE 250 experienced a 0.1% decline on Thursday, while a choppy market is anticipated for the upcoming data releases.
Investors' caution before Friday's publication of the personal consumption expenditures price index resulted in a 0.5% decline in the pound's value against the dollar.
During the London market session, the United Kingdom disclosed revisions to its first-quarter Gross Domestic Product (GDP). According to market forecasts, the UK GDP growth is anticipated to remain consistent at the initial estimate of 0.6% quarter-on-quarter.
Furthermore, market caution was exacerbated by the impending parliamentary elections in Britain, which are scheduled for July 4. Investors anticipate that political uncertainty will impact markets.
