FX.co ★ UK Stocks Trade Higher with CPI, Spring Statement Eyed

On Wednesday, the FTSE 100 saw a modest increase as UK inflation surprisingly decreased in February. Gains were primarily driven by mining and oil export companies, buoyed by higher copper and crude oil prices amidst growing global anxiety over Trump's tariff proposals. A decline in the value of the pound also supported exporters such as Rolls-Royce, which is currently being closely watched ahead of the UK government's anticipated defense spending update. Conversely, homebuilder Vistry took a significant hit, falling by up to 11% after announcing the cancellation of its final dividend due to subpar performance, especially in its Southern Division. Attention now shifts to Chancellor Rachel Reeves’ fiscal address around midday, expected to reveal updated economic projections from the Office for Budget Responsibility and specifics regarding bond issuance from the Debt Management Office.