{"id":110047,"title":"The FTSE 100 has slipped in early trading as Bank of England tipped to raise rates to 5.5pc","publisher":"Share Talk","author":"sharetalk","published":"2023-09-18T10:04:40+00:00","modified":"2023-09-18T10:17:33+00:00","canonical_url":"https://www.share-talk.com/the-ftse-100-has-slipped-in-early-trading-as-bank-of-england-tipped-to-raise-rates-to-5-5pc/","markdown_url":"https://www.share-talk.com/the-ftse-100-has-slipped-in-early-trading-as-bank-of-england-tipped-to-raise-rates-to-5-5pc.md","json_url":"https://www.share-talk.com/the-ftse-100-has-slipped-in-early-trading-as-bank-of-england-tipped-to-raise-rates-to-5-5pc.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Bank of England","BARC","Barclays","BoE","buyback","CS Venkatakrishnan","domestic","FCA","FTSE 100","FTSE 250","Inflation","investors","London","midcap index","pandemic","program","Qatar","SEC","Serious Fraud Office","share","Share Talk","ShareHolders","UK"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"In early trading, the FTSE 100 experienced a slight dip as market participants anticipated interest rate verdicts from the US Federal Reserve and the Bank of England.\n\nThe index, which is dominated by exporters, decreased by 0.1%, and the FTSE 250, a mid-cap index, declined by 0.4%. Concurrently, Make UK, Britain’s primary manufacturing trade association, revised its growth projections for the year downward.\n\nEarlier in August, the Bank of England upped the interest rates by 0.25 percentage points, reaching a 15-year high of 5.25%. This marked their fourteenth consecutive increase, with indications that high borrowing costs might persist.\n\nThe market predicts a 78% likelihood that the interest rates will undergo another hike this Thursday, potentially reaching 5.5% in what might be the concluding adjustment of this period.\n\nPhoenix Group’s shares saw an uptick of up to 1.6% when the life insurance company anticipated its 2023 cash flow to hit the upper end of its predicted spectrum.\n\nAfter agreeing to divest its principal plant in Russia to a Sezar Group subsidiary for 80 billion roubles (approximately £666 million), Mondi’s stock leapt by 4.9%. Sezar Group is a real estate development company based in Moscow.\n\nFollowing the announcement of its intention to sell its UK automotive segment to US-based Lithia Motors for £250 million, Pendragon’s stock value skyrocketed by 25.9%."}