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The FTSE 100 fell to a two-month low on Tuesday as another surge in oil prices drove UK borrowing costs higher, outweighing the usual boost that expensive crude can give London's heavyweight energy shares. The blue-chip index dropped 0.59% to 10,634.49 by 1000 GMT, while the FTSE 250 lost 0.46%.
London's FTSE 100 index rose on Monday as investors moved towards defensive sectors, including healthcare and consumer staples. The gains came as oil prices and bond yields resumed their advance ahead of a week filled with central bank policy decisions.
The FTSE 100 rose on Friday, snapping a five-session losing streak as oil prices retreated and stronger UK growth data improved sentiment towards domestic stocks. The blue-chip index gained 0.45% to 10,656.78 by late morning, while the FTSE 250 added 0.36%.
Britain on Tuesday published legislation to introduce tougher sanctions on Iran, expanding trade restrictions and powers to target ships as part of what it described as wider effort to curb Tehran's nuclear programme and other hostile activities.
An analysis by the UK financial watchdog found liquidity risks are concentrated in real estate funds, reinforcing the regulator's long-standing scrutiny of a sector where investors can withdraw money more quickly than underlying properties can be sold.
The FTSE 100 edged higher on Wednesday as gains in mining shares and lower bond yields helped London absorb a sharp pullback in energy heavyweights following another slide in oil prices. Britain's blue-chip index was up about 0.3% around 10,886 in later morning trade.
The FTSE 100 edged higher on Friday, outperforming a largely subdued European market as a rally in London-listed miners offset concerns over rising government bond yields and expensive oil. Britain's blue-chip benchmark was up 0.22% in morning trading, while the FTSE 250 also advanced modestly.
U.K. ETFs are gaining attention as resilient growth, strong FTSE performance and supportive sector trends put the market in focus.