Markets Wrap: Bank shares drag Iseq and FTSE down as interest cut debate dominates

A drop in bank shares pulled back Irish and UK markets as disappointing inflation data dampened hopes of interest rate cuts on Wall Street.

AIB and Bank of Ireland were among the top fallers on the Iseq, trading down 2.94 per cent and 2.71 per cent respectively. It comes as bank stocks remain charged while investors wait with bated breath for an indication on the European Central Bank’s next move on interest rates.

Glenveagh, however, ...