FX.co ★ FTSE 100 Snaps 4-Day Winning Streak

On Wednesday, the FTSE 100 declined by over 0.5%, ending a four-day upward trend as global markets slumped due to renewed trade tensions. This downturn was sparked by new U.S. restrictions on Nvidia's chip exports to China. Bunzl's shares saw a record drop of 26% after the company revised its outlook downward, attributing the change to increasingly challenging economic conditions. WH Smith fell short of revenue expectations, whereas Barratt and Redrow confirmed their homebuilding targets. Meanwhile, Mitie’s shares increased following the company's announcement of improved profit guidance and a £125 million share buyback initiative. In terms of economic data, UK inflation decreased again, providing temporary relief before a projected upswing in bills slated for April.