India, June 18 -- The UK stock market is down primarily due to a sharp drop in heavyweight energy shares and caution ahead of a key interest rate decision from the Bank of England. Major energy giants like Shell and BP have seen significant declines as crude prices tumbled. Investors are exercising caution as the Bank of England prepares to announce its latest interest rate decision, compounded by a hawkish tilt from the U.S. Federal Reserve regarding future rate hikes.

Here's everything you need to know about the UK stock market today.

UK Stock Market Snapshot

The UK market is showing mixed performance, with the FTSE 100 hovering around the 10,450 mark, experiencing slight intraday dips of roughly -0.6% to -0.8%. Investors are largely...