FTSE 100 Faces Bank of England Test After Rally as UK Inflation Data Looms
The FTSE 100 closed Friday up 1.6% at 10,471.7, its highest since May 27, as banks and travel stocks surged but energy shares fell. Both the FTSE 100 and FTSE 250 gained over 1% for the week. Investors await key UK inflation data on June 17 and the Bank of England’s rate decision on June 18. April GDP shrank 0.1% after growth in March and February, according to the ONS.