FX.co ★ UK Stocks on Lower Note

On Friday, the FTSE 100 experienced a slight decline of 0.2%, settling around 9,290 after achieving a record high above 9,300 the previous day. This movement came as investors concentrated on the Jackson Hole symposium, with particular attention to Federal Reserve Chair Jerome Powell’s anticipated address. On the domestic economic landscape, the GfK consumer confidence index advanced by two points to -17, reaching its highest point so far this year. Among individual stocks, The Sage Group, Rightmove, and St James's Place emerged as the leading decliners, each losing approximately 1%. Conversely, Standard Chartered distinguished itself with a notable 3.1% increase. Additionally, oil giants BP and Shell saw upward movements. For the week, the index was on track for an approximate 1.65% rise.