London stocks rise ahead of UK inflation data, cenbank decision
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
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Source: Yahoo Finance
- London Stock Market: London stocks slightly increased, focusing on upcoming inflation data and the Bank of England's policy decision.
- FTSE 100 and FTSE 250: Both indices rose by 0.3% each.
- Market Analysis: Analysts anticipate a potential rate cut by the Bank of England in August or September based on economic data.
- Stock Movements: Whitbread saw gains, while Ashtead Group experienced losses after forecasting slower growth.
- Upcoming Events: Investors are awaiting U.S. retail sales data and insights from Federal Reserve officials later in the week.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
