The FTSE 100 benchmark of the London Stock Exchange is experiencing a decline on Tuesday, trading below the flatline. Market participants exhibited a degree of caution in anticipation of significant data releases from the United States, alongside the approaching holiday season.

The FTSE 100, having concluded at 9,865.97 on Monday, experienced fluctuations between 9,843.80 and 9,883.43 on Tuesday. The index stands at 9,860.54, reflecting a decline of 0.06 percent from the prior close. In the 100-scrip index, 46 scrips are currently positioned in the overnight red zone. Metlen Energy and Metals led the gains with an increase of 2.9 percent. Mondi recorded an increase of 0.95 percent. DCC experienced a decline of 1.95 percent, leading the losses.

In the context of the dollar’s decline, the six-currency Dollar Index has decreased by 0.40 percent, moving from 98.29 at the previous close to 97.89. The GBP/USD pair has risen by 0.37 percent, reaching a level of 1.3510. The sterling fluctuated within a range of $1.3519 to $1.3459 during the day’s trading session. The EUR/GBP pair experienced a slight decline of 0.01 percent, settling at 0.8735. The GBP/JPY pair has experienced a decline of 0.38 percent, now standing at 210.61, as the yen has appreciated in response to the potential for government intervention.

As yields have softened across various tenors and regions, bonds in the U.K. experienced a decline in yields as well. Ten-year bond yields in the U.K. decreased by 0.68 percent, reaching 4.5060 percent. The yields fluctuated within a band of 4.491 percent to 4.522 percent throughout the day. The figure stood at 4.537 percent the previous day.