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
Attention is focused on Thursday's interest rate call at the Bank of England, with softer inflation data making the decision more finely balanced.
Softer inflation data has made the decision more finely balanced, with some analysts warning that a quarter-point rate cut cannot be ruled out.
While headline inflation remains at 3.8%, policymakers may prefer to wait for clearer signs that price pressures are easing before acting.
In other market news, BP rose, Vodafone dropped, and Ceres Power rallied, with Wall Street finishing modestly higher on Friday, including a 0.1% rise in the Dow Jones Industrial Average.
Author's summary: FTSE rises ahead of BoE decision.
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