NatWest share price falls as oil shock hits UK banks; Reeves update and BoE in focus
NatWest shares dropped 2.3% to 587.4 pence in early London trading Tuesday, tracking a wider decline in bank stocks as oil prices surged and investors braced for new inflation risks from the Middle East conflict. The FTSE 100 fell 2%. Investors await finance minister Rachel Reeves’ spring budget update and the Bank of England’s March 19 rate decision.