Market Analysis

London Stocks Open Higher Ahead of UK Inflation Data and Central Bank Decision

Amos Simanungkalit · 18 Jun6.5K Views

London stocks started positively on Tuesday, with attention on upcoming domestic inflation data and the Bank of England's policy decision. The FTSE 100 rose 0.5% to 8,181.64 points by 7:06 GMT, while the FTSE 250 increased by 0.6%.

Over the past fortnight, the benchmark index has hovered between 8,200 and 8,100, with expectations of a more pronounced decline if it falls below 8,100.

Investors were preparing for the release of crucial UK consumer price index (CPI) figures on Wednesday and the Bank of England's policy vote on Thursday.

In company news, Whitbread (LON) saw a 2.8% rise as the Premier Inn owner reaffirmed its annual outlook. However, Ashtead Group (LON ) led declines on the FTSE 100, dropping 3.5% after projecting slower growth in annual group rental revenue for fiscal 2025.

All sectors of the FTSE 350 were trading positively during the day.

Paraphrasing text from "Reuters" all rights reserved by the original author.

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