FTSE 100 Interrupts Prolonged Winning Run With 0.9% Drop

The FTSE 100 fell 0.9% on May 28, 2026, breaking a 10-session rally that had pushed the index to its longest winning streak since early 2025. The decline halted a 4.2% gain accumulated over the run, with the UK benchmark settling at 8,253. Mining and energy shares led the pullback as copper and crude oil prices retreated, while cautious commentary from Bank of England Governor Andrew Bailey on the pace of future rate cuts added to pressure. The index had been buoyed by strong commodity prices and dovish global central bank signals before profit-taking emerged. The FTSE 100 remains up 6.1% for the year, supported by a weaker pound and resilient corporate earnings, but analysts noted that elevated valuations and geopolitical uncertainties could cap further near-term gains.