London's FTSE 100 fell on Thursday and was set for its first quarterly decline since September 2020 on concerns that prolonged inflationary pressures would force central banks to act aggressively, leading to a global economic downturn.
dropped 1.5% by 0706 GMT, and was also on course for its biggest monthly decline since March 2020.declined 1.
4% and has dropped more than 11% in the April-June quarter, as investors price in lower UK economic growth and corporate profits in the wake of soaring inflation, which the Bank of England expects would exceed 11% in October.The FTSE 250 index is already in a bear market, down 22.6% from its record closing high in September 2021.
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