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FTSE 100 Live: Pound Falls, UK Stocks Rally Ahead of Expected BOE Rate Cut
UK stocks have opened in positive territory, with the FTSE 100 up 0.7% and the FTSE 250 up 0.4%. The pound has weakened more against the dollar, now down 0.3%, and is about flat against the euro. Gilt yields aren’t moving much.
FTSE 100 hits record high ahead of expected interest rate cut
UK stocks rallied to hit a fresh record ahead of the rate decision. The FTSE 100 is up 1.1 per cent — touching a fresh high — helped by weakness in the pound. The mid-cap FTSE 250 rose 0.7 per cent. Most sectors in the FTSE 100 were up,
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European and US markets were in positive territory as investors continue to digest the potential impact of DeepSeek.
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