Pressure on banks and other blue-chip stocks continued today following the collapse of Silicon Valley Bank.
London’s FTSE 100 index, which tumbled 2.5% on Monday amid the turmoil in the banking sector, lost another 0.5% on the back of lower energy stocks and further selling of banking assets.
Elsewhere today, the Office for National Statistics said the unemployment rate for three months to January was unchanged at 3.7% compared with City expectations for 3.8%.
