The world's largest contract caterer Compass Group CPG.L slipped 1.4% after its underlying operating margin expectations for full-year 2023 fell short of market expectations. GBP/ Meanwhile, market participants digested a recent set of hawkish comments from Federal Reserve officials which quashed hopes of smaller interest rate hikes after soft inflation data in October. Investors were also still assessing British Finance Minister Jeremy Hunt's budget speech last week when he unveiled higher taxes and spending curbs in an effort to reassure markets that the government was serious about fighting inflation.