London stocks advanced on Friday as the pound fell following a retail sales reading that boosted expectations of a Bank of England interest rate cut next month, with the blue-chip FTSE 100 hitting all-time highs.

The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.

FTSE falls as gilt yields keep rising and dashed US rate cut hopes hit stocks - A combination of rising borrowing costs and dashed hopes of an imminent rate cut in the US hit London’s premier stock index.

U.K. stocks are up firmly in positive territory Wednesday morning, outperforming other major markets in Europe, after data showed an

UK stocks make a comeback, as BoE rate cut bets soar.

Three major US banks are set to report -- JPMorgan Chase, Goldman Sachs and Citigroup, in that order. Their reports will be scoured not only for clues on the health of investment banking, but on the US economy.

The UK's FTSE 100 dropped slightly due to declines in banking stocks, overshadowing energy gains. As investors anticipate economic data, domestic FTSE 250 also fell. Rising British yields and investor wariness over the Federal Reserve's actions contributed to market uncertainties.

The Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in

U.K.'s benchmark stock index FTSE 100 is down marginally Friday morning with stocks moving in a narrow range as investors largely

The exporter-heavy FTSE 100 slipped 0.1%, while the domestically focused FTSE 250 dropped 1.3% to a one-week low. Wall Street also came under pressure after upbeat economic data stoked uncertainty among investors about the pace of monetary policy easing by the Federal Reserve this year.

Britain's FTSE 100 closed at a near eight-month high on Thursday, as investors cheered upbeat earnings and signs of cooling inflation that could keep major central banks on track for further interest rate cuts.

Optimism over interest rate cuts had traders in a happy mood on Friday as the major European stock markets finished solidly to the