{"id":51229,"date":"2024-10-03T09:56:43","date_gmt":"2024-10-03T09:56:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/03\/ftse-100-modestly-higher-as-bailey-hints-at-aggressive-rate-cuts\/"},"modified":"2024-10-03T09:56:43","modified_gmt":"2024-10-03T09:56:43","slug":"ftse-100-modestly-higher-as-bailey-hints-at-aggressive-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/03\/ftse-100-modestly-higher-as-bailey-hints-at-aggressive-rate-cuts\/","title":{"rendered":"FTSE 100 Modestly Higher As Bailey Hints At Aggressive Rate Cuts"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n
\n

U.K. stock advanced on Thursday while the pound weakened after Bank of England Governor Andrew Bailey reportedly hinted at ‘more aggressive’ path for cutting interest rates if inflation news stays positive.<\/p>\n

In a wide-ranging interview with the Guardian, Bailey held out the prospect of the Bank becoming a “bit more aggressive” with interest-rate cuts. <\/p>\n

Meanwhile, the U.K. Services PMI was finalized at 52.4 in September, down from August’s 53.7.<\/p>\n

The benchmark FTSE 100 was up 26 points, or 0.3 percent, at 8,317 after rising 0.2 percent on Wednesday.<\/p>\n

British Land Company shares were down 0.7 percent. The property firm said it has acquired a portfolio of seven retail parks for 441 million pounds.<\/p>\n

Tesco jumped 3.1 percent. The supermarket group lifted its annual profit forecast after profit and revenue increased in the first six months of the financial year.<\/p>\n

Telecom Plus gained 0.7 percent as it reported continued robust growth in customer numbers in a first-half update. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div><\/div>\n