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International Business Times UK

Penuel Joseph Ares

FTSE Dips as Weak UK Retail Sales and Rising Iran-Linked Oil Prices Test Investor Nerves

United Kingdom Iran Oil Brent Abbas Araghchi Inflation Office for National Statistics United States

FTSE 100 falls as weak UK retail data meet a US‑Iran oil shock, testing investor nerves (Credit: Jamie Street/Unsplash)

The FTSE 100 slipped on Friday as Brent crude surged to its highest level since May on fresh worries over the war with Iran, while official figures showed UK retail sales fell by more than expected in September.

The blue-chip index was down about 0.4% in early trading, with other European markets also lower. Sterling eased 0.12% against the US dollar to $1.3377 (£1.00).

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