Banks pile pressure on FTSE after GDP

LONDON – The top shares fell back on Wednesday after approaching technical resistance levels, weighed down by banking stocks as UK GDP figures came in below expectations, prompting further profit-taking in the sector. Underlying sentiment however was relatively upbeat ahead of the conclusion of a two-day policy meeting of the U.S. Federal Open Market Committee, expected to result in forecasts showing interest rates will be near zero for at least two more years.

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Banks pile pressure on FTSE after GDP

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