FX.co ★ FTSE 100 Rises on Tuesday

The FTSE 100 experienced a slight increase on Tuesday, building on its substantial 7.2% rise during the first half of the year. AstraZeneca saw a nearly 3% boost in its shares after reports emerged that CEO Pascal Soriot has privately suggested moving the company's stock listing to the United States and potentially relocating its headquarters, as reported by The Times. Bank of England Governor Andrew Bailey stated that UK inflation is entirely driven by administrative prices. He also hinted at a possible easing in economic conditions and the labor market. Recent data indicated that shop prices have risen for the first time in almost a year. Additionally, Bailey remarked that interest rates are expected to trend downward, which could relieve some pressure on borrowers. In other developments, according to Nationwide, UK house prices have declined, and Members of Parliament were set to vote on a proposed government welfare spending cut bill later that evening.