FTSE 100 Down Sharply After US Rate Hike Signal

Signs of a US interest rate hike next month have seen the FTSE 100 post its biggest one-day fall since it was convulsed by global market turbulence earlier this year. It was the biggest one-day fall in percentage terms since 11 February when a world shares rout saw the FTSE 100 fall to lows close to the 5,500-mark - levels not seen since 2012. Minutes of the US Federal Reserve's latest meeting indicated that most policy makers felt it would be "appropriate" to raise rates at their meeting of 14-