The FTSE 100 index closed slightly above the flatline at 7,475 on Wednesday, below session highs but gaining for the sixth session and outperforming other European benchmarks amid strong corporate results, while the latest economic data lowered Gilt yields. Domestic credit growth slowed more than expected and mortgage approvals sank more than markets forecasted, pointing to restrictive monetary conditions and limiting the leeway for the BoE to continue its aggressively hawkish outlook. Meanwhile, soft data from the US lifted bullion prices, benefiting shares in the heavy-weight mining sector in London. Fresnillo added 2.2%, while Rio Tinto advanced 0.6%. In the meantime, Prudential added 1.5% after delivering strong results and pledging to double business profits by 2027.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 8047.06 in February of 2023. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on August of 2023.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7186.67 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6749.29 in 12 months time.