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London close: Stocks slump as US-Iran peace deal hopes fade

By Benjamin Chiou

Date: Thursday 07 May 2026

(Sharecast News) - UK stocks fell sharply on Thursday as investors took profits following the recent rally, as optimism regarding a potential US-Iran peace deal began to fade.
The FTSE 100 finished 1.6% lower at 10,276.95, pulling back sharply after a 2.2% jump the previous session.

Having rallied strongly over...

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