FTSE 100 opens higher today; interest rate decision on the horizon

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Investing.com – Today's main economic event in the United Kingdom is the interest rate decision from the Bank of England. The expectation is that the BoE keeps the rates unchanged. The second most important event is the inflation letter.


U.K. equities started with gains on Thursday, with rises in Personal Goods, Industrial Metals & Mining, Industrial Transportation and Automobiles & Parts sectors.


At the market open in London, the FTSE 100 Index fell 0.06%. The FTSE 250 Index and the FTSE 350 Index also rose. The FTSE 250 increased 0.12%, while the FTSE 350 was up by 0.12%.


Top Gainers:

  • Anglo American  (LON:AAL): Climbed 3.70% or 78.5 points to 2,202.0.

  • Burberry  Group (LON:BRBY): Rose 2.66% or 16.2 points to 624.4.

  • Glencore  (LON:GLEN): Increased 3.20% or 12.15 points to 392.00.


Top Losers:

  • Unite (LON:UTG): Declined 0.67% or 6.50 points to 961.50.

  • Vodafone  Group PLC (LON:VOD): Fell 0.74% or 0.580 points to 77.500.

  • National Grid  (LON:NG): Dropped 0.84% or 8.79 points to 1,041.71.


In Commodities Trading:

  • Gold Futures for December delivery rose 4.45 points to 2,603.05 a troy ounce.

  • Crude Oil for November delivery climbed 0.57 points to 70.45 a barrel.

  • November Brent Oil Contract increased 0.87% or 0.64 points to 74.29 a barrel.


Currency Markets:

  • GBP/USD stable 1.32.

  • EUR/GBP is at 0.84.

  • The US Dollar Index Futures was up 0.16% at 100.447.

Read more

  • Gold Price Forecast: Why Are Gold Prices Still Falling as the Fed Pauses Rate Hikes? September PCE May Determine Direction
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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