FTSE Rises Ahead of BoE Decision
London stocks opened higher on Monday, with investors bracing for a key Bank of England decision and a wave of earnings later in the week.
The FTSE 100 climbed 0.2% to 9,738.46, the FTSE 250 edged up 0.1% to 22,187.34, and the AIM All-Share rose 0.2% to 773.79.
Notable movers included BP, which rose, Vodafone, which dropped, and Ceres Power, which rallied.
Attention is focused on Thursday's interest rate call at the Bank of England, with softer inflation data making the decision more finely balanced.
Softer inflation data has made the decision more finely balanced, with some analysts warning that a quarter-point rate cut cannot be ruled out.
While headline inflation remains at 3.8%, policymakers may prefer to wait for clearer signs that price pressures are easing before acting.
In New York on Friday, Wall Street finished modestly higher, with the Dow Jones Industrial Average up 0.1%, the S&P 500 up 0.3% and the Nasdaq Composite up 0.6%.
Author's summary: FTSE rises ahead of BoE decision.
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