FTSE Rises Ahead of BoE Decision
London stocks opened higher on Monday, with the FTSE 100 climbing 0.2% to 9,738.46, as investors await a key Bank of England decision and a wave of earnings later in the week.
- FTSE 250 edged up 0.1% to 22,187.34
- AIM All-Share rose 0.2% to 773.79
Notable stock movements include BP rising, Vodafone dropping, and Ceres Power rallying.
Softer inflation data has made the decision more finely balanced, with some analysts warning that a quarter-point rate cut cannot be ruled out.
Attention is focused on Thursday's interest rate call at the Bank of England, with policymakers considering whether to act on inflation, which remains at 3.8%.
In other market news, Wall Street finished modestly higher on Friday, with the Dow Jones Industrial Average up 0.1%, the S&P 500 up 0.3%, and the Nasdaq Composite up 0.6%.
Author's summary: FTSE rises ahead of BoE decision.
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