FTSE 100 Closes Flat as UK Economic Data Disappoints

The FTSE 100 ended Thursday's trading session virtually unchanged, closing at 8,496.80 by 5:36 pm CET. This stagnation occurred while other major European markets were closed for May Day, leaving traders to digest the latest economic reports from the United Kingdom.

Manufacturing and Mortgage Approvals Show Decline

Recent data revealed a contraction in the UK's manufacturing sector in April, alongside a decrease in mortgage approvals for house purchases in March. These indicators have raised concerns about the health of the UK economy.

Currency Movements Reflect Economic Uncertainty

On the currency front, the euro weakened by 0.51% against the US dollar, trading at 1.12727 by 5:35 pm CET. Similarly, the pound sterling fell 0.37% against the dollar, reaching $1.32820 shortly after.