FTSE 100 Ends Flat as UK Economic Data Signals Slowdown

The FTSE 100 closed Thursday's trading session virtually unchanged, ending at 8,496.80 by 5:36 pm CET. This stagnation occurred while other major European markets were closed in observance of May Day.

Economic Reports Highlight Challenges

Recent economic data from the United Kingdom painted a concerning picture, with the manufacturing sector contracting in April. Additionally, mortgage approvals for house purchases saw a decline in March, further underscoring the economic challenges facing the country.

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 thereafter.