UK shares slipped on Tuesday as expectations of more tightening by major central banks weighed, while JD Sports fell after the national antitrust watchdog found the retailer involved in price-fixing.
The FTSE 100 fell 0.1% with banks leading losses, while the midcap index dropped 0.5%.
British shoppers facing a surge in inflation cut their spending in May by the most since the country was in a COVID-19 lockdown in early 2021, according to a survey.
UK’s biggest sportswear retailer JD Sports Fashion (JD.L) fell 3.9% after the competition watchdog provisionally found it fixed retail prices of certain Rangers-branded clothing products.
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