FTSE down ahead of Fed rate decision

Investors braced for an interest rates decision in the US after another index published there suggested the economy is still not recovered enough for the Federal Reserve to change its monetary cycle. United Utilities dropped 29.5p to 517.5p as investors continued to pull away from the sector hit by a regulatory decision earlier this week to limit investments and consumer prices. Reuters dropped 13.25p to 372p. Royal & Sun Alliance fell 2.5p to 82p. IMPS and Gallaher dropped as the British Medical Journal published a study suggesting passive smoking may be more dangerous than pre...