FTSE 100

Key insight

BoE decision live today: hike to 4% is consensus, but vote split and forward guidance will dictate whether banks extend Wed's +4.3% surge or reverse sharply. ~75% of FTSE revenues earned overseas, so GBP/USD reaction is the secondary lever.

Holds 10,908 — just 83 pts below the July 2026 ATH of 10,991 — but BoE rate decision today (4% expected vs 3.75% prior) pins the index in a tight wait-and-see range.

Main risk

BoE hawkish surprise / vote split

Unanimous 4% vote or +25bp signal beyond 4% would spike GBP, compress FTSE 100 multinationals' overseas earnings and pressure rate-sensitive REITS.