FTSE 100 Edges Up from 7-Week Low
2026-09-11 15:45
By
Agna Gabriel
1 min. read
The FTSE 100 rose 0.4% on Friday, recovering from a seven-week low reached in the previous session, after stronger-than-expected economic data boosted sentiment.
UK GDP expanded 0.4% in July following 0.3% growth in June, well above economists’ expectations for no growth and marking the third consecutive month in which activity exceeded forecasts.
The figures suggest the UK economy may prove more resilient than expected in the second half of 2026.
Sentiment was also supported by a decline in oil prices, with Brent falling below $105 a barrel and crude slipping under $100, although prices remain elevated.
In the US, stronger-than-expected core CPI reinforced expectations of a potential rate hike.
Banks led gains, with HSBC Holdings up 1.4%, Barclays 1.7% and Lloyds Banking Group 1.3%, while Rolls-Royce added 1.7%.
BAE Systems fell more than 1%.
Despite Friday’s recovery, the FTSE 100 ended the week around 1.7% lower.