FX.co ★ FTSE 100 Snaps 4-Day Losing Streak

The FTSE 100 experienced an uptick following a four-day decline, buoyed by new data from the Office for National Statistics indicating a continued decrease in UK inflation. This Consumer Price Index (CPI) report, which largely matched expectations, bolstered hopes for a rate cut by the Bank of England in December. The markets are now factoring in approximately a 20 basis point reduction, suggesting an 80% likelihood, with an increasing chance of further cuts extending into 2026. Shares of Sage rose nearly 4% following its announcement of a £300 million share buyback and optimistic forecasts for continued margin improvements. Meanwhile, shares in precious-metals mining companies Fresnillo and Endeavour advanced by 3.3% and 2.5%, respectively, and oil giants Shell and BP saw gains of around 1%. Jet2 revealed strong interim results, attributed to strong demand, with the number of flight-only passengers rising 16%, though growth in holiday packages was more modest at 1%. British Land surpassed profit expectations as high occupancy rates benefited from the return-to-office trend. Conversely, Ocado faced pressure after its major customer, Kroger, decided to shut down three automated fulfilment centres, casting uncertainty on their technological partnership.