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Reuters reports a decline of 45.78 points to 5,304.77 by 09:13 BST, following the previous day's week-high close of 5,350.55 points.
Bank shares suffered due to economic growth concerns, with HSBC sliding by two per cent while Standard Chartered and Royal Bank of Scotland decreasing by 1.3 and 1.1 per cent respectively.
Energy and mining stocks suffered due to low commodity and crude prices, with BP shedding one per cent.
Investors, who briefly regained their appetite yesterday due to a drop in UK inflation, remained wary ahead of the release of today's Bank of England Monetary Policy Committee minutes.
The news follows the publication of a report by share registrar Equiniti, finding stock trading experienced the longest period of sustained volatility in at least 26 years between 2008 and 2010.
Posted by Greg Secker
