The FTSE 100 bounced back above the 7,000 level on Friday to end a roller-coaster week on a high note, helped by technology stocks, on prospects of a solid global economic recovery and continued support from central banks. On the data front, British retail sales rose 0.5% in June, slightly above market expectations, and were up by 9.5% compared with their pre-coronavirus pandemic February 2020 levels. Consumer morale improved in July to its strongest level in 17 months, while a PMI survey signalled a sharp slowdown in UK business activity growth.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on July of 2021.
The United Kingdom Stock Market Index (GB100) is expected to trade at 6800.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6267.57 in 12 months time.