The FTSE 100 fell 1.1% to close at 7,466 on Friday, led by weakness in banking shares, ahead of the Bank of England's monetary policy meeting due next week, as well as the report into pandemic parties in Boris Johnson’s office to be released on Monday. The rout in equity securities was also fueled by jitters over growing tensions in Eastern Europe and the hawkish shift in the US Fed forward guidance. On the economic data front, the number of shuttered shops in Britain edged lower for the first time in four years in the final quarter of 2021, which pushed retail stocks. On a weekly basis, the FTSE 100 ended virtually flat and outperformed its European counterparts.
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 January of 2022.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7285.26 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 6846.43 in 12 months time.