{"id":50527,"date":"2024-09-16T09:14:48","date_gmt":"2024-09-16T09:14:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/16\/ftse-100-subdued-as-pound-rises-on-bets-of-aggressive-fed-rate-cut\/"},"modified":"2024-09-16T09:14:48","modified_gmt":"2024-09-16T09:14:48","slug":"ftse-100-subdued-as-pound-rises-on-bets-of-aggressive-fed-rate-cut","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/16\/ftse-100-subdued-as-pound-rises-on-bets-of-aggressive-fed-rate-cut\/","title":{"rendered":"FTSE 100 Subdued As Pound Rises On Bets Of Aggressive Fed Rate Cut"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks were marginally lower on Monday as a rising British pound weighed on export-oriented companies.<\/p>\n<p>Investors also shifted focus to a slew of key central bank rate decisions this week, including the Bank of England&#8217;s interest-rate announcement due on Thursday. <\/p>\n<p>The benchmark FTSE 100 was down 3 points at 8,269 after gaining 0.4 percent on Friday. <\/p>\n<p>The pound rose to its highest in more than a week and gold prices hovered near record levels as investors raised their bets of a more aggressive Federal Reserve rate cut on Wednesday.<\/p>\n<p>In corporate news, insurer Phoenix Group Holdings tumbled 3.6 percent after dropping the sale process of its SunLife <span class=\"landLinks\">business<\/span>.<\/p>\n<p>Playtech jumped 8 percent. The gambling <span class=\"landLinks\">technology<\/span> firm said it expects 2024 adjusted core profit to be slightly ahead of market expectations. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/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 Subdued As Pound Rises On Bets Of Aggressive Fed Rate Cut<\/a><br \/>\n<br \/>2024-09-16 09:14:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks were marginally lower on Monday as a rising British pound weighed on export-oriented companies. Investors also shifted focus to a slew of key central bank rate decisions this&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-50527","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50527","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=50527"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50528"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}