The FTSE 100 attempted gains on Wednesday, following two days of losses as strong corporate results lifted sentiment while cautious rein ahead of the outcome of the US Federal Reserve's two-day policy meeting later in the day. Rio Tinto delivered a record first-half profit amid this year’s commodity boom; British American Tobacco reported better-than-expected revenue for the first half of the year on higher e-cig costumer adds; and Barclays second-quarter profits also beat estimates. On the economic data front, figures from the mortgage lender Nationwide showed British house prices fell 0.5% from a month earlier in July, after a coronavirus emergency tax break for buyers was scaled back at the end of June.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on July of 2021.
The United Kingdom Stock Market Index (GB100) is expected to trade at 6837.72 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 6296.55 in 12 months time.