18.12.202508:27:21UTC+00UK Stocks Cautiously Higher

The FTSE 100 in London experienced a slight uptick on Thursday, continuing the modest advances observed on the previous day. This rise comes in anticipation of the Bank of England's policy announcement scheduled for later. Market consensus suggests that the central bank will likely reduce interest rates by 25 basis points, bringing them to 3.75%, a move spurred by recent economic indicators such as an unexpected deceleration in inflation. Investors will also be keenly analyzing the forthcoming US inflation data for further insights into potential actions by the Federal Reserve. Rentokil emerged as the day’s leading performer, climbing nearly 3% subsequent to an upgrade by Bofa Global Research from a "neutral" rating to "buy," along with an increased price target, now set at 510 pence, up from 425 pence. Metlen Energy & Metals rose by 1.6%, and the London Stock Exchange Group also saw a 1.3% increase. Other notable gainers included Compass Group, Barratt Redrow, BAE Systems, Sainsbury's, Rolls, and Ashtead.