On Tuesday, London’s FTSE 100 index experienced a decline as investors assessed mixed corporate updates and maintained a cautious stance ahead of upcoming central bank meetings. However, gains in metal miners contributed to mitigating the losses. The benchmark FTSE 100 was down 0.3% by 0949, while the domestically focused FTSE 250 was flat.

On Tuesday, data indicated that the jobs market in Britain has experienced a slight slowdown, which may alleviate concerns at the Bank of England regarding ongoing inflationary pressures. “We see virtually no possibility of any adjustments to rates from the BoE on Thursday, and we also do not anticipate that the MPC will implement any cuts before the end of the year.” Matthew Ryan stated that “Macroeconomic data has evolved largely in line with the bank’s view since the last meeting.”

Meanwhile, the U.S. Federal Reserve is set to begin its two-day policy meeting later today, with markets anticipating an announcement of a 25-basis-point interest rate cut on Wednesday. Furthermore, U.S. President Donald Trump is scheduled to arrive in Britain late on Tuesday for a second state visit, during which the two countries will finalize agreements valued at over $10 billion.

• Haleon fell the most in the FTSE 100, dropping 3.3% after Barclays
  downgraded the consumer healthcare group’s rating to “equal weight” from “overweight.”
• Budget airline EasyJet opens new tab fell 2% after JPMorgan downgraded the stock to
  “neutral” from “overweight” and placed it on negative catalyst watch.
• Precious metal miners rose 4%, the most among sectors, as gold prices hit a record-high.
• Gold miner Fresnillo, opens new tab was the top gainer in the FTSE 100 with a 4.1% rise.
• Trustpilot Group opened new tab jumped 8.5%.