The FTSE 100 Index closed Monday down 0.7% to 7588 points amid profit-taking and an absence of volumes due to the U.S. holiday. Mining stocks also fell as Chinese authorities haven't weighed in on any new stimulus measures yet, CMC Markets UK chief market analyst Michael Hewson said in a note. (anthony.orunagoriainoff@dowjones.com)---Pound Likely to Rise on Potential Record UK Core Inflation, Hawkish BOE1126 GMT - The pound has room to extend its recent gains following U.K. inflation data for May on Wednesday and the Bank of England's interest rate decision on Thursday, Ebury says. U.K. rates are likely to peak above 6%, compared to the current level of 4.5%, and "we maintain our bullish view of GBP," he says. "However, the market is still grappling with rising interest rates, falling real wages, sluggish economic growth and mortgage-market volatility."

Source: Wall Street Journal June 19, 2023 16:08 UTC