FTSE 100 red ahead of expected US rate cut

The FTSE 250 ended up 21.19 points, 0.1%, at 21,621.87 (John Walton/PA) - (PA Archive)

Stock prices in London closed mostly lower on Monday, as markets mainly price in an interest rate cut from the US Federal Reserve, and a hold from the Bank of England, this week.

“A 25bp (US rate) cut is almost fully priced in, with three cuts for the year largely anticipated,” Pepperstone’s Dilin Wu said.