British American Tobacco shares fall 1.24% premarket as UK stocks decline on inflation concerns and Fed independence worries.

British American Tobacco P.L.C. fell 1.24% in premarket trading. The decline in the stock price can be attributed to the overall market sentiment, as UK stocks closed lower in volatile trade on Wednesday due to investors' concerns over the U.S. Federal Reserve's independence and the potential impact of U.S. President Donald Trump's comments on Fed Chair Jerome Powell.