Last week highlighted the powerful long term trend that the index has been in for the past few months. Pushing up a breathtaking 27% in the latest move. A push this powerful has not been seen since the initial recovery from the pandemic crash. We highlighted last week the strength of the trend was even […]

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The Bank of England has voted to make a surprise 0.5% increase in benchmark interest rates to 5%. Consensus estimates were for a 0.25% rate hike. The Bank of England voted 7-2 in favour of a 50bps rate hike citing concerns about stubbornly high levels of inflation. “With inflation holding firm at 8.7%, the Bank […]

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The FTSE 100 felt the pain of millions of households across the UK on Wednesday as hotter-than-expected inflation spelt trouble for mortgage holders and highlighted the ongoing pressure on household budgets. The FTSE 100 was trading down 0.25% to 7,549 at the time of writing. UK inflation for May came in at 8.7%, much higher […]

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The FTSE 100 closed down on Tuesday as strength in defensive shares failed to offset losses in cyclical sectors such as miners and banks. The FTSE 100 finished the session down 0.25% at 7,569. Investors displayed little excitement at a halfhearted attempt by China to stimulate the economy after weeks of anticipation around what measures […]

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The FTSE 100 started the week lower ahead of the Bank of England’s interest rates decision on Thursday. The Bank of England is expected to raise interest rates for the 13th time in a row by 0.25% to 4.75%. Poor performance in Asian equities and a speech by Jerome Powell were also adding to investor […]

The post FTSE 100 slips ahead of Bank of England rates decision this week; Next shares spike higher appeared first on UK Investor Magazine.