The FTSE 100 traded slightly above 7,230 on Monday, after hitting on Friday a near one-month low, with telecom giants Vodafone and BT Group benefiting from a broad rally in the sector after US fund KKR proposed to buy Italy's Telecom Italia. In other corporate news, miner BHP Group inched up on the merger deal of its petroleum business with Woodside Petroleum Ltd. Elsewhere, the UK government announced it was extending its coronavirus booster program to avoid the return of pandemic-induced restrictions and as doubts arose whether the Bank of England will raise interest rates as soon as December amid slowing growth and rising inflation.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on November of 2021.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7064.11 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6632.70 in 12 months time.