Bloomberg News

U.K. Stocks Decline Before Federal Reserve Policy Announcement

June 19, 2013

U.K. stocks fell, snapping four days of gains, as investors awaited the conclusion of a Federal Reserve policy meeting for signals as to whether the central bank will scale back stimulus measures.

The FTSE 100 Index dropped 44.25 points, or 0.7 percent, to 6,329.96 at 8:31 a.m. in London. The equity benchmark has lost 7.5 percent since Fed Chairman Ben S. Bernanke said May 22 that the central bank may scale back stimulus if the U.S. economy improves sustainably. The broader FTSE All-Share Index also fell 0.7 percent today, while Ireland’s ISEQ Index slid 0.1 percent.

To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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