FTSE 100 ends lower after three sessions of gains on bank and miner weakness
The FTSE 100 fell 1.1% to 10,764.69 points, per Reuters, as Barclays slid on a Bank of England probe report and copper-linked miners weakened.
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what happened
London's FTSE 100 closed Monday down 1.1% at 10,764.69 points, ending three straight sessions of gains. According to Reuters, Barclays shares dropped 3.5% after the Financial Times reported that the Bank of England is examining whether the lender's traders misstated the risk of illiquid private credit loans.
Anglo American and Glencore were the index's biggest drags, falling 4.1% and 3.3% as copper prices eased. Industrial metal miners, aerospace and defence stocks and utilities each lost more than 2%. The midcap FTSE 250 slipped 0.6%, snapping a six-day winning streak.
Investors now turn to UK September inflation and retail sales data this week, as well as Finance Minister John Healey's first budget speech due next week.
why it matters
The sell-off in London's banks and miners shows the index reacting both to regulatory headlines and to copper price moves. Upcoming inflation data and budget measures could affect banks and business taxes, so traders will watch both closely.
market impact
UK banks and miners: regulatory probe and copper weakness pressure the sectors lower
instruments
sources
- FTSE 100 ends lower after three sessions of gains, on weakness in banking, mining stocks — Reuters, 19 October 2026 at 16:47 UTC
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