{"id":119473,"title":"FTSE ends the day higher as traders anticipate a potential of Bank of England rate cut.","publisher":"Share Talk","author":"sharetalk","published":"2025-02-05T17:29:00+00:00","modified":"2025-02-05T17:29:00+00:00","canonical_url":"https://www.share-talk.com/ftse-ends-the-day-higher-as-traders-anticipate-a-potential-of-bank-of-england-rate-cut/","markdown_url":"https://www.share-talk.com/ftse-ends-the-day-higher-as-traders-anticipate-a-potential-of-bank-of-england-rate-cut.md","json_url":"https://www.share-talk.com/ftse-ends-the-day-higher-as-traders-anticipate-a-potential-of-bank-of-england-rate-cut.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["BANK","Bank of England","banking","BARC","Barclays","Benchmark","BoE","buyback","Chancellor","childcare","CME Group","consumers","Coverage","CS Venkatakrishnan","domestic","energy bill","England","FCA","Fed","Federal Deposit Insurance Corporation","Federal Reserve","FREE","FTSE 100","FTSE 250","FTSE100","futures","Goldman Sachs","household","HSBC","HSBC Holdings","Inflation","investors","Jeremy Hunt","Legal & General","lending","Lloyds Banking Group","London","midcap index","NatWest Group","Ofgem","pandemic","price cap","Prime Minister","program","Prudential","Qatar","Regulators","Rishi Sunak","SEC","Serious Fraud Office","share","Share Talk","ShareHolders","silicon valley","Silicon Valley Bank","SIVB","SVB","The Bank of England","Traders","Treasury","UK","Underground","USA","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/10/BANK-OF-ENGLAND-OCT-24.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"The FTSE 100 rebounded today after suffering losses for two consecutive sessions. Gains in shares of pharmaceutical giant GSK and gold mining companies helped lift the market, even as investors watched the upcoming Bank of England rate decision closely.\n\nEconomists surveyed by Reuters unanimously predict that the base rate will drop by a quarter percentage point to 4.5% this week, a move that traders have fully anticipated.\n\nThe index finished 0.6% higher, with the more domestically oriented mid-cap FTSE 250 also recording an increase of 0.5%.\n\nGSK saw its share price soar by 7.6% following the announcement of a £2bn share buyback and an upgrade to its long-term sales forecast.\n\nAt the same time, gold miners experienced a robust rally of 3.6%, buoyed by gold prices reaching new record levels.\n\nMarket participants are eagerly awaiting the Bank of England’s monetary policy announcement on Thursday, with expectations firmly set on a 0.25 percentage point rate cut.\n\nGeoff Yu, a senior market strategist at BNY, commented, “We anticipate the BoE to implement a quarter of a percentage point rate cut, and we expect the easing guidance to be more pronounced than current market expectations. Given the prevailing downside growth risks, at least one quarter point cut per quarter appears likely.”"}