FTSE 100 Rises on Oil Gains, BoE Decision Awaited
Solid ECN - On Monday, the FTSE 100 experienced a modest increase, nearing the 7660 mark, marking its peak in almost three weeks. This growth was primarily driven by a 1.4% gain in Royal Dutch Shell and a 2% jump in BP stock values. The escalation of tensions in the Middle East played a role in bolstering oil prices, contributing to this upward trend.
Meanwhile, market participants anticipate the upcoming Bank of England's monetary policy announcement, expecting the central bank to maintain the interest rate at its current level for the fourth consecutive session.