Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading rose around 0.19% on 12 February 2026. 

Macro Update: The UK economy grew 0.1% in Q4 2025, crowning it the fastest-growing G7 European nation for the year. However, momentum is stalling as the Bank of England holds rates at 3.75% amid rising unemployment and cooling business investment. 

Top Market Movers: Among top gainers on FTSE 100 index, Schroders PLC (LSE: SDR) witnessed a rise of 28.78% followed by Metlen Energy & Metals PLC (LSE: MTLN) which gained around 4.17%. 

Commodity Update: The U.S. dollar edged higher against most major currencies, supported by stronger-than-expected jobs data that tempered near-term rate cut expectations ahead of Friday’s inflation report. Gold slipped 0.22% to USD 5,086.60, while silver declined 0.60% to USD 83.44. Copper was steady, up 0.01% at USD 13,247.00. Brent crude gained 0.40% to USD 69.64 amid ongoing U.S.–Iran tensions, though rising U.S. inventories capped further upside.    

Our Stance: The UK maintains a cautious stance, prioritizing inflation control over stimulus. The Bank of England held rates at 3.75% to curb sticky prices, even as slowing growth and rising unemployment pressure policymakers for a pivot later this year. 

FTSE 100: The FTSE 100 gained 19.64 points to close at 10,491.75, continuing to trade comfortably above the key 9,800 support zone, which underpins the broader structure. The 21-day and 50-day SMAs remain below current levels, providing dynamic support and allowing room for short-term consolidation. The RSI at 70.82 signals firm momentum, though it is approaching elevated territory. Immediate support is positioned around 9,800–9,950, while resistance is seen near 10,600–10,700. 

Source: Charts by EODHD/Others

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