20/08/14 Market Movements

The FTSE100 fell from a three-week high today, ending a five day winning run as the index was knocked back by several major companies including HSBC and British American Tobacco going ex-dividend.

Investors were also spooked by reports that the BoE’s Monetary Policy Committee were split over whether to increase interest rates.  Minutes from the meeting on 6-7th August showed two of the members voted in favour of an interest rate rise.

The FTSE100 eventually closed down 23.83 points at 6,755.48.