India, July 16 -- UK Stock Market Today (July 16): The UK stock market is trading lower today, with the FTSE 100 down 0.37% at 10,484.42 points in early trading, as the market was closed yesterday at 10,515.92. Market sentiment is caught in a tug-of-war between positive domestic economic data and escalating geopolitical friction in the Middle East.

UK Stock Market Today (July 16)

FTSE 100 Index fell to roughly 0.37% at 10,480 in initial trading as the rising military conflicts between the US and Iran affected market sentiment amid better-than-anticipated UK economy data. UK's GDP rose by 0.1% on a monthly basis in May and the three-month growth rate stood at 0.7%, hitting the fastest pace in 13 months. At the same time, British pound de...