London stocks are under pressure as traders focus on China’s economic outlook and the prospect of more interest rate hikes in the UK.
The expectation that the Bank of England will hike borrowing costs by another quarter percentage point on Thursday ensured the pound started the week at its highest level versus the US dollar since April 2022 at above $1.28.
In corporate updates, shares in FTSE 250-listed services firm Kainos fell after its long-serving boss announced plans to stand down.
