"I don't think there is any significant news flow to create many banana skins in the next week or two"
- Andy Ashe, head of sales at Monument Securities
U.K. stocks fell on Monday weighted by a decline in banks. The FTSE 100 Index edged lower 0.5 per cent, or 28.05 points to 5,824.37.
"All it took to reverse this morning's positive start ... was for the Bundesbank to puncture this weekend's recycled story about the ECB capping peripheral bond yields," said Michael Hewson, Senior Market Analyst at CMC Markets UK.
On Thursday, the Confederation of British Industry will release its realized sales index and the British Bankers' Association will announce number of new mortgages approved.
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