UK's export-oriented FTSE 100 hovered near 4-1/2-year highs on Monday, underpinned by banks and consumer staples, while investors looked ahead to a week dotted with release of key domestic economic data including inflation print.
so far to find a cornerstone investor for a planned capital raise, putting the future of the company in doubt.
The blue-chip FTSE 100 index hovered near four-year highs in the past week, but its resilience will be tested as a string of economic data rolls out soon. "Inflation and labour market data will be in focus ahead of the Feb. 2 Bank of England meeting after Friday's upside surprise in GDP numbers, which signalled the country may avoid a technical recession as of Q4 2022," said strategists led by Jim Reid at Deutsche Bank.
BoE Governor Andrew Bailey and other central bank officials are expected to speak at 1500 GMT on the central bank's response to the market mayhem that occurred last autumn. Trading volumes are expected to be thin due to the Martin Luther King Day holiday in the United States.Our Standards:
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