UK's FTSE 100 closed lower on Friday as worries of high interest rates overshadowed data showing the British economy narrowly avoided entering a recession in the fourth quarter, while a rise in energy shares limited declines.
shed 0.5%, backing off from record highs hit on Thursday, and posted a weekly fall of 0.31%.closed about 1% lower.
Even as upbeat earnings and higher commodity prices aided sentiment earlier in the week, worries persisted about the Federal Reserve's aggressive tightening cycle, and as officials from the Bank of England appeared split about the need for further rate hikes.
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