FTSE 100 Falls On Trader Caution After Strong UK GDP Data0842 GMT - The FTSE 100 falls 1.0% to 7541 points as traders exercise caution after stronger-than-expected U.K. GDP data raised concerns about the need for more Bank of England interest-rate rises. ---FIH Group Appoints Nicholas Henry as Nonexecutive ChairFIH Group has named Nicholas Paul Henry as nonexecutive chairman and director, succeeding Robin Williams. (michael.susin@wsj.com)---Gilt Yields Rise After Above-Forecast UK GDP Data0741 GMT - Gilt yields rise after the latest U.K. GDP data came in stronger than expected, raising the prospect of more Bank of England interest-rate rises. The data show U.K. GDP expanded by 0.2% on quarter in 2Q, higher than the Bank of England forecast of 0.1% growth from the August monetary policy report. U.K. 10-year gilt yield rises around 8 basis points to 4.436% while U.K. 2-year gilt yield rises around 6bps to 4.948%, Tradeweb data show.

Source: Wall Street Journal August 11, 2023 15:12 UTC