UK Stock Market Today: FTSE 100 Falls as Gilt Yields Surge
The FTSE 100 fell 0.48% to 10,219.95 as UK gilt yields surged and political pressure mounted on Prime Minister Keir Starmer, with several ministers resigning and Labour MPs urging a resignation date. The 10-year gilt yield hit 5.11%, its highest in decades. Sterling dropped 0.7% to $1.351. Barclays shares slid 4%, while NatWest and Lloyds each lost over 3%.