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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The FTSE 250 Index sharply retreated to its lowest level since December, dropping over 7.2% from its yearly high. The Bank of England is expected to keep interest rates unchanged at 3.75% during its meeting next week. Additionally, UK gas prices surged significantly following the escalation of the conflict in Iran, impacting the market overall.