Banks Push FTSE 100 Higher After U.K. Inflation Print -- Market Talk

Dow Jones12-17 18:20

1020 GMT - U.K. banks gain after inflation data for the country came in lower than expected. The 3.2% print for November was below forecasts, solidifying expectations that the Bank of England will lower the cost of lending Thursday. HSBC is the biggest climber, gaining 3.6%, with Standard Chartered up 2.4%. The two lenders also benefited from a broker upgrade, Interactive Investor's markets head Richard Hunter writes. "Taken together with a higher unemployment figure yesterday, there seems no doubt that an interest rate cut will follow tomorrow," Hunter writes. Elsewhere, Barclays and Lloyds are up 2.4% and 1.5%, respectively, helping the FTSE 100 to climb 1.6%. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

December 17, 2025 05:20 ET (10:20 GMT)

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