London, Feb 8, 2026, 09:07 GMT — The market is closed.
- National Grid closed out Friday at 1,285 pence, gaining 0.23%. The stock moved in a range from 1,276 to 1,296 pence during the session.
- Traders kept their eyes on rate-cut prospects after a BoE survey suggested Bank Rate might slip to 3.0% by March 2027.
- On Feb. 12, the release of UK GDP, industrial output, and trade numbers is up next—a key test for gilt yields and UK utility stocks.
National Grid (NG.L) wrapped up Friday at 1,285 pence, adding 0.23%—that’s six sessions in a row in the green. The stock remains near its 52-week peak, with 6.51 million shares changing hands over the session. Investing.com
This rally is notable: utilities are typically seen as “bond proxies,” tracking closely with government bond yields. According to a Bank of England survey released Friday, investors are forecasting Bank Rate to drop to 3.0% by the March 2027 meeting, compared to 3.75% after Thursday’s call. Reuters
National Grid’s fortunes are tied to yield movements. The company needs to borrow for its big network projects and is a staple for income-focused investors. Lower yields? That dividend stands out. If yields spike, the numbers shift fast.
The FTSE 100 wrapped up Friday’s session 0.6% higher, capping a stronger week for broader UK markets as traders weighed the central bank’s more dovish language on possible rate cuts—should inflation recede. Political uncertainty lingered, keeping rates-sensitive names on edge. Reuters
National Grid on Friday stuck to operations in its latest update, steering clear of financials. The company reported that its IFA2 interconnector has, on average, brought in enough electricity to supply more than 1.6 million UK households annually since it came online in January 2021. Also on the agenda: an initial five-year review of the project under the “cap-and-floor” system, which puts both a ceiling and a floor under returns. “Interconnectors like IFA2 play a vital role in supporting our energy security, adding flexibility and resilience as part of a diverse energy system,” said Rebecca Sedler, Managing Director for Interconnectors. National Grid
Thursday brings a data dump out of the UK. The Office for National Statistics will roll out December’s monthly GDP, an initial read on fourth-quarter GDP, along with trade and industrial production numbers—everything set to hit at 0700 GMT on Feb. 12. Office for National Statistics
Looking ahead, the Bank of England’s March 19 decision and minutes land next, offering a clearer signal on whether February’s tight vote really marked the beginning of a sharper rate-cutting path. Bank of England
Still, National Grid faces a known threat. If gilt yields jump unexpectedly, dividend stocks like this one can take a hit—even if the company’s operations stay solid. “Any leadership challenge … would leave the gilt market vulnerable and could delay a BoE easing cycle,” ING’s Chris Turner said Friday. Reuters
Looking ahead, National Grid won’t post its full-year results for 2025/26 until May 14. That’s the next big date on its investor calendar. National Grid
