UK Stock Market Today: FTSE 100 Rallies Near 9,750 as BoE Rate-Cut Bets Lift Banks, Miners and Luxury
The FTSE 100 rose 0.98% to 9,744.02 by 2:00 PM GMT Monday, nearing its 52-week high, as traders bet on a Bank of England rate cut later this week. The FTSE 250 gained 0.76%. Markets are pricing in a narrow 5–4 vote to lower the Bank Rate to 3.75%. Bank and mining shares led gains, while sterling remained steady.