FTSE 100 rises as Fed rate hike shifts focus to BoE
UK stocks gained following the Federal Reserve interest rate hike. Investors now await the Bank of England decision. Retailer Next raised its annual profit outlook.
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The United Kingdom's FTSE 100 rose 0.51% to 10,742.81 points on Thursday morning after the United States Federal Reserve delivered a rate hike. Markets now look to the Bank of England's rate decision later in the day. The advance follows a broader surge in commodity prices driven by Middle Eastern conflict.
