FTSE 100 Tumbles as Iran Conflict Escalates and UK Growth Slows

Britain's FTSE 100 index slipped 0.07% on Wednesday as rising tensions in the Iran conflict and slowing UK growth weighed on investor sentiment.

The Iran situation is increasingly volatile, with Iranian military officials dismissing US President Donald Trump's threat to 'annihilate' their country.

Meanwhile, the S&P Global flash UK Services PMI fell to a three-month low of 51.7 in September from 52.5, indicating sluggish economic growth and intensifying inflationary pressures.

The Bank of England is still expected to raise interest rates on November 5, with markets pricing a roughly 60% chance of this happening after Chancellor Healey's budget next week.