The FTSE 100 gained 1.4% to 6,489 in the last week, after falling for three consecutive weeks, as upbeat corporate updates and vaccination rollout is fueling hopes of a swift economic recovery. More than 10 million people in the UK received at least one dose of a coronavirus vaccine. Still, the Bank of England on Thursday ruled out sub-zero rates for at least more six months and lowered its forecast for the British economic growth for this year. Johnson & Johnson officially asked authorization for emergency use of its single-dose Covid-19 vaccine from the US FDA and will apply to the European authorities within the next few weeks. For Friday only, the FTSE 100 was little changed, in line with the previous two sessions.
Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7903.50 in May of 2018. UK FTSE 100 Stock Market Index - data, forecasts, historical chart - was last updated on February of 2021.
The UK FTSE 100 Stock Market Index is expected to trade at 6377.55 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6013.34 in 12 months time.