IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

FTSE Slips as BoE Delivers First Rate Hike

The FTSE 100 declined as bank and defence stocks retreated following the Bank of England's first interest rate hike in over three years. British inflation is expected to reach 5% next year due to ongoing energy pressures, prompting markets to price in further tightening.

Xurve View
Insights:
FILE PHOTO: Financial markets data and information are displayed around an LSEG (London Stock Exchange Group) branded cube inside the LSEG headquarters in Paternoster Square, London, Britain, September 8, 2026. REUTERS/Toby Melville/File Photo

United Kingdom's FTSE 100 fell 0.43% to 10,782.66 on Thursday afternoon as the BoE delivered its first interest rate hike in more than three years.