UK Stocks Inch Up After BoE Hold
2026-09-17 11:36
By
Andre Joaquim
1 min. read
The FTSE 100 gained ground and rose 0.5% to the 10,750 mark on Thursday after the Bank of England maintained its rate unchanged, as expected by the City.
Three members of the Bank's Monetary Policy Council opted for hikes, also aligned with expectations, as policymakers heeded to the impact of higher energy prices on underlying inflation.
In turn, equity liquidity was supported by a softer-than-expected unwinding of the BoE balance sheet, lending support to stocks and Gilts.
Financial companies hence led the rise in the session, with HSBC and Standard Chartered gaining over 1% each, while 3i added nearly 2%.
Meanwhile, SSE rose over 2% as natural gas costs fell for a second session in wholesale markets.
Lastly, Next rose 1% after citing a modest improvement in sales expectations and additional cost savings, particularly in warehousing.