FTSE 100 Rises Ahead BoE
The FTSE 100 gained more than 0.5% on Thursday, with investors focused on the Bank of England’s interest-rate decision following the Federal Reserve’s move the previous day. The Fed raised rates by 25 basis points, as widely expected, and signalled another increase later this year, a decision that drew criticism from President Donald Trump. Meanwhile, oil prices declined for a second consecutive session, potentially easing some pressure on UK gilt markets, although trading could remain cautious ahead of the BoE announcement. Next led the index, rising more than 2% after the retailer raised its full-year guidance. The company cited a modest improvement in sales expectations and additional cost savings, particularly in warehousing. Banks also advanced, with HSBC Holdings up 1.1% and Barclays gaining 0.9%. AstraZeneca and GSK each rose more than 1%, while Unilever added 0.5%. Rolls-Royce gained 2% and British American Tobacco climbed 1.4%, supporting the broader market.
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5% on Thursday, with investors focused on the Bank of England’s interest-rate decision following the Federal Reserve’s move the previous day. The Fed raised rates by 25 basis points, as widely expected, and signalled another increase later this year, a decision that drew criticism from President Donald Trump. Meanwhile, oil prices declined for a second consecutive session, potentially easing some pressure on UK gilt markets, although trading could remain cautious ahead of the BoE announcement. Next led the index, rising more than 2% after the retailer raised its full-year guidance.
The company cited a modest improvement in sales expectations and additional cost savings, particularly in warehousing. 9%. 5%. 4%, supporting the broader market.