The FTSE 100 fell more than 2% on Thursday, reversing a 0.8% gain in the previous session and following its Asian and European peers lower, as investors continue to worry over rising inflationary pressures and fear central banks would tighten monetary policy soon. Mining companies and oil producers such as Rio Tinto, Anglo American and Royal Dutch Shell were among the biggest laggards as oil prices declined on India's deepening coronavirus crisis. On the corporate front, Burberry sales jumped in line with its previous forecast in Q1.
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 May of 2021.
The United Kingdom Stock Market Index (GB100) is expected to trade at 6795.21 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 6407.15 in 12 months time.