FTSE 100
BearishArchived analysis from Nov 3, 2026, 9:21 PM
Key insight
Falls 163 pts from Monday's 10,761 close — erasing four-day winning streak. BoE expected to lift Bank Rate 25bp to 4.00% Thu 5 Nov; a hawkish surprise would pressure UK rate-sensitives further.
Breaks back below 10,600 as miners slide to 4-month lows and oil rebound at $96/bbl reignites inflation fears 48 hrs before BoE rate call. ABF -3% adds single-stock drag.
Main risk
BoE Rate Decision – Thu 5 Nov
Consensus prices 25bp to 4.00%; any signal of extended tightening cycle would reprice UK banks and housebuilders sharply lower from current levels.
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