FTSE 100 down 0.6
FTSE 250 down 0.5
UK Budget due on Oct 30
BoE speeches awaited

Oct 22 Reuters London stocks fell on Tuesday, dragged by weakness in the utility and real estate sector, while investors await speeches from Bank of England officials later in the day.

The bluechip FTSE 100 had declined by 0.6 to 8,264.5 points by 1000 GMT, while the domesticallyfocussed FTSE 250 index had fallen 0.5. Both hit oneweek lows.

The benchmark was set to drop for a third straight day, which would mark its longest losing streak in over a month.

The utilities sector slid 1.5 and was the biggest drag, while real estate stocks lost 1.2.

Investors are moving to the sidelines due to the uncertainty around the UK budget due on Oct 30.

This weakness has a lot to do with the UK budget and the impact that it can have on public borrowing and debt restructuring in the UK, said Daniela Hathorn, senior market analyst at Capital.com.

Keeping overall losses in check, precious metal miners gained 0.6 after gold prices hovered near a recordhigh on safehaven demand.

Among individual stocks, Hunting Plc slumped 18 to a morethansevenmonth low after the energy services firm slashed its annual profit outlook.

Meanwhile, Morgan Sindall jumped 14 to a recordhigh after the construction and regeneration company said it expects 2024 results to exceed its previous forecast.

A slew of BoE speakers are scheduled to speak today, including Governor Andrew Bailey at 1325 GMT, monetary policy member…