News

FTSE stumbles as retailers fall as traders await Fed decision

UK wages data beats or meets, lifting hopes for BOE rate rise

Wednesday 21 March 2018 at 06:47

FTSE stumbles as retailers fall as traders await Fed decision

UK stocks dropped Wednesday, with investors seen as wary of taking on risky bets before they find out whether the Fed is ushering in another interest-rate hike, MarketWatch reports.

Later, a report on the UK labor market will be watched for signs of wage growth, after a disappointing inflation reading hurt prospects for a Bank of England rate rise.