UK stocks fall as investors await Bank of England rate decision; FTSE 100 down 0.94%
UK stocks declined as financials and materials came under pressure ahead of the Bank of England’s interest-rate decision. The FTSE 100 fell 0.94% and the FTSE 250 slipped 0.63%. BP and Shell each dropped 1.5% as oil prices slid to their lowest level since the start of the Iran war, Reuters reported.