FX.co ★ FTSE 100 Falls on Tuesday

The FTSE 100 slipped 0.3% on Tuesday, ending a two-day winning streak and lagging behind other major European indices as disappointing earnings from heavyweight banks and energy firms dragged the market lower. BP lost more than 6% after posting weaker-than-expected 2025 net profit of $7.49 billion and announcing a suspension of share buybacks in order to bolster its balance sheet. Barclays fell roughly 2.5% following underwhelming results, while Standard Chartered dropped nearly 6% after the departure of its chief financial officer. These declines overshadowed strength in AstraZeneca, which gained around 2.5% on the back of an upbeat profit outlook. At the same time, investors kept a close watch on mounting political pressure on Prime Minister Keir Starmer to resign, amid policy U-turns and controversy surrounding the nomination of Peter Mandelson as ambassador to the United States.