UBS Eyes FTSE 100 at 12,300; London Stocks Watch Oil, Rates, Sterling
UBS raised its FTSE 100 target to 11,000 by late 2026 and 11,300 by mid-2027, with a bullish case of 12,300 and a downside of 7,700. The index closed up 1.6% at 10,471.7 on Friday, its highest since May 27, after hopes for a U.S.-Iran peace deal boosted UK stocks. UBS cited stronger earnings and a weaker pound as key drivers.