FTSE 100 Snaps Losing Streak as Rate Hike Fears Ease
The FTSE 100 gained 2.66% this week after softer inflation and retail sales data reduced expectations for an immediate Bank of England rate hike. Analysts now anticipate a potential increase in borrowing costs in July rather than June as policymakers assess the current economic cooling.
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The X FTSE 100 gained 2.66% this week, ending a four-week losing streak in the United Kingdom. Soft inflation and retail data cooled expectations for an immediate interest rate hike by the Bank of England. Investors are recalibrating portfolios as the central bank gains room to assess tightening financial conditions through the summer.
