RetailSales

FTSE 100 drops 1.5% as 10‑year gilt yield rises to 5.31% and retail sales rebound

The FTSE 100 closed at 10,659.13 on Friday, down 157.01 points, as the 10‑year UK gilt yield rose to 5.31%. Office for National Statistics figures revealed a 0.5% month‑on‑month increase in August retail sales volumes, reversing July’s decline.