FTSE 100 Rises for Fourth Day on Falling Oil

Britains FTSE 100 rose for the fourth consecutive day as declining oil prices boosted market sentiment. Investors now await the Bank of Englands upcoming interest rate decision.

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Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/ File Photo

The United Kingdom's FTSE 100 rose 0.3% to 10,761.33 points on Monday afternoon, notching its fourth straight day of gains. The advance came as a sharp drop in oil prices lifted broader risk appetite across European markets. Investors are now awaiting the central bank's upcoming monetary policy decision.