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May 25 Reuters UK39;s FTSE 100 extended losses on Thursday as investors were anxious about further monetary tightening by the Bank of England, while Cineworld rose on expectations that it would soon exit bankruptcy.

Cineworld Group Plc added 4.7 in volatile trading after the world39;s secondlargest theatre operator said it expects to emerge from bankruptcy protection in July after its restructuring proposal received the support of lenders.

The bluechip FTSE 100 slid 0.6 and touched a near twomonthlow after hotterthanexpected inflation data on Wednesday stoked worries of the BoE staying hawkish.

We saw CPI still very high and above expectations and now the UK has the highest risk of stagflation compared to other economies, said Daniela Hathorn, senior market analyst at Capital.com.

The general feeling is that the BoE doesn39;t really have it under control since it has been one of the most lenient with inflation.

Markets were also in a glum mood as the deadline on the U.S. debt default drew closer with no deal in sight.

UK equities have traded within tight limits since late April as investors digested corporate earnings amid U.S. debt deal uncertainties.

With domestic inflation still remaining a major concern for the BoE, rate hike expectations…