Story perspectives
UK Stocks Plunge as Pound Weakens, Savings Dwindle
7/1/2025
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Story summary
- UK stocks fell, with the FTSE 100 and FTSE 250 closing lower after a strong first half.
- The pound weakened despite its best performance since 2009.
- Gilts showed better performance compared to European bonds.
- First-quarter GDP figures were stable, with minor upward revisions in production.
- Households reduced savings for the first time in two years.
