FTSE 100 Sinks as Banking and Energy Stocks Weigh on Index

The FTSE 100 index plummeted by 0.68% on Friday, September 18, 2026, hitting 10,742.88 due to weakness in banking and energy companies.

The decline was largely attributed to the performance of banks and energy stocks, with oil prices also taking a hit.

Brent Crude dropped for the third consecutive day, trading at $103.17 per barrel, while US West Texas Intermediate fell to $101.30.

The Bank of England's interest rate outlook remains a key concern for investors, with Governor Andrew Bailey hinting that monetary policy may need to be tightened if inflation pressures persist.