{"id":45144,"date":"2024-03-22T13:12:13","date_gmt":"2024-03-22T13:12:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/22\/ftse-100-rises-amidst-boes-dovish-tone\/"},"modified":"2024-03-22T13:12:13","modified_gmt":"2024-03-22T13:12:13","slug":"ftse-100-rises-amidst-boes-dovish-tone","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/22\/ftse-100-rises-amidst-boes-dovish-tone\/","title":{"rendered":"FTSE 100 Rises Amidst BoE&#8217;s Dovish Tone"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The dovish tone in Bank of England&#8217;s recent monetary policy announcements continued to help the FTSE 100 benchmark of the London Stock Exchange extend gains. The Confederation of British Industry (CBI) survey&#8217;s total order book balance touching a six-month high also boosted sentiment.<\/p>\n<p>FTSE 100 oscillated between 7,961.43 and 7,882.19 as compared with the previous day&#8217;s closing level of 7,882.55. <\/p>\n<p>The benchmark index of the London Stock Exchange is currently trading at 7,920.98, having added 0.49 percent on an overnight basis. <\/p>\n<p>In the 100-scrip index, only 33 are trading in the overnight negative zone.   <\/p>\n<p>Phoenix Group Holdings jumped 10.2 percent. Reckitt Benckiser Group, Natwest Group and Vodafone Group, all rallied more than 2 percent. Lloyds Banking Group, WPP, Airtel Africa, BT Group, Pershing Square Holdings have all added more than 1 percent.<\/p>\n<p>JD Sports Fashion slipped more than 6 percent. DCC, Rentokil Initial, International Consolidated Airlines Group, Halma, Convatec Group, Frasers Group, all slipped more than 1 percent.<\/p>\n<p>The GBP\/USD pair decreased 0.38 percent overnight to 1.2608 while the Dollar Index jumped 0.93 percent to 104.37. The sterling ranged between $1.2575 and $1.2675 in the day&#8217;s trade. The sterling&#8217;s weakness came amidst a flat retail sales reading for February that contrasted with a 3.6 percent increase in January and market expectations of a 0.3 percent decline. <\/p>\n<p>Bond yields in the U.K. eased in response to the dovish hints on rate cuts by BoE officials. Ten-year bond yields dropped 0.93 percent to 3.9610 percent. The yields ranged between 3.745 percent and 4.3075 percent over the course of the day. The same was at 3.998 percent a day earlier. <\/p>\n<\/p>\n<p>Business News<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Rises Amidst BoE&#8217;s Dovish Tone<\/a><br \/>\n<br \/>2024-03-22 13:12:13<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dovish tone in Bank of England&#8217;s recent monetary policy announcements continued to help the FTSE 100 benchmark of the London Stock Exchange extend gains. The Confederation of British Industry&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-45144","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=45144"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/45145"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=45144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=45144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=45144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}