marketsClosed Jun 23, 2025
There was a point this morning when UK stocks were in the
green
, but they struggled to maintain momentum as the world waited to see what the Iran’s response would be to the the weekend’s US airstrikes.
green
, but they struggled to maintain momentum as the world waited to see what the Iran’s response would be to the the weekend’s US airstrikes.
The FTSE 100 finished 0.2% down, with oil majors BP and Shell paring some of their earlier gains as oil fell on easing fears of obstruction in the Strait of Hormuz. The FTSE 250 finished flat.
In better news for the UK, private sector activity grew faster than expected in June, preliminary figures showed this morning. Though tariff threats still weigh on exports, and consumers remain pessimistic.
The pound, meanwhile, rallied this afternoon to trade around $1.35 as the dollar erased its advance. Gilts rose ahead of European peers.
That’s all from us at Markets Today for now. Join us again here tomorrow for those corporate results and central bankers’ speeches, plus everything else that matters to UK markets.
