Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading declined around 0.13% on 24 February 2026. 

Macro Update: The UK economy is experiencing subdued growth, with GDP rising just 0.1% in Q4 2025. Inflation fell to 3.0% in January 2026, it’s lowest since early 2025. Consequently, the Bank of England held rates at 3.75% in February but signalled future cuts. Meanwhile, unemployment hit a five-year high of 5.2% as the labour market loosened. 

Top Market Movers: Among top gainers on FTSE 100 index, Convatec Group PLC (LSE: CTEC) witnessed a rise of 7.93% followed by Croda International PLC (LSE: CRDA) which gained around 3.32%. 

Commodity Update: The U.S. dollar remained subdued on Tuesday as Asian markets assessed renewed volatility surrounding President Donald Trump’s tariff stance and its implications for global trade. Gold eased 0.32% to USD 5,208.50 after touching a three-week high, pressured by dollar strength despite geopolitical tensions. Silver gained 0.70% to USD 87.18, copper rose 2.37% to USD 13,151.10, while Brent crude slipped 0.10% to USD 71.40 amid U.S.-Iran talks uncertainty.    

Our Stance: The UK's current economic stance is one of cautious restrictiveness. The Bank of England is maintaining a 3.75% bank rate to balance fading inflation against persistent service-price pressures. While the outlook points toward gradual easing, policymakers remain "data-dependent," prioritizing sustainable 2% inflation over immediate growth support. 

FTSE 100: The FTSE 100 is trading 23.62 points lower at 10,661.12 yet continues to hold comfortably above the key 9,800 support zone that underpins the broader technical structure. The index remains positioned above its 21-day and 50-day Simple Moving Averages, maintaining the underlying upward trend while leaving scope for short-term consolidation. Momentum appears moderated, with the RSI at 69.51, suggesting easing strength from recent elevated levels. On the downside, support is placed around 9,950–10,400, whereas the 10,800–11,000 region represents the next upside band to watch. 

Source: Charts by EODHD/Others 

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