FTSE 100 slips at open ahead of Fed, BoE monetary policy decisions

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UK's FTSE 100 slipped at open on Monday as investors await interest rate decisions from the U.S. Federal Reserve and the Bank of England (BoE).

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Published by

18 Sep 2023

UK's FTSE 100 slipped at open on Monday as investors await interest rate decisions from the U.S. Federal Reserve and the Bank of England (BoE), while Britain's main manufacturing trade body cut its forecast for the sector's growth for this year.

The exporter-heavy FTSE 100 slipped 0.1% by 0712 GMT, while the mid-cap FTSE 250 was down 0.2%.

Market participants keenly await the Fed's and the BoE's policy decisions as well as key domestic inflation data later this week as they hope for an end to the monetary tightening cycle.

Britain's main manufacturing trade body cut its forecast for the sector's growth for this year and next, citing a sharp fall in factory output and economic uncertainty.

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