FTSE 100 today: Stocks extend losses as oil above $100/barrel, UK GDP disappoints

The FTSE 100 has extended its losses as oil prices surged above $100 per barrel, significantly impacting investor sentiment. Additionally, disappointing UK GDP figures have raised concerns about economic growth, further dragging down market performance. The combination of high oil prices and poor economic data is leading to increased uncertainty among traders. This situation is likely to affect consumer spending and corporate profits in the UK. Market focus will shift towards inflationary pressures and potential impacts on interest rates.