Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading rose around 0.69% on 20 February 2026. 

Macro Update: The UK faces a sluggish 2026 as GDP growth forecasts dip to 0.9%. While inflation slowed to 3.0%, sparking record FTSE 100 highs on rate-cut hopes, a softening labor market and 5.2% unemployment keep the Bank of England's stance cautious. 

Top Market Movers: Among top gainers on FTSE 100 index, Centrica PLC (LSE: CNA) witnessed a rise of 2.80% followed by Diageo PLC (LSE: DGE) which gained around 2.75%. 

Commodity Update: The U.S. dollar headed for its strongest weekly gain since October, supported by upbeat economic data and a firmer Federal Reserve stance, while geopolitical tensions between Washington and Tehran kept investors cautious. Fresh data showed U.S. jobless claims fell more than expected, highlighting labour market resilience. Gold rose 0.33% to USD 5,014.10, silver gained 0.49% to USD 78.01, copper edged up 0.09%, and Brent crude climbed 0.30% to USD 71.87.    

Our Stance: The UK economy shows resilience with private sector growth hitting a 22-month high and inflation cooling to 3.0%. However, rising unemployment and cautious consumer spending keep the outlook fragile, leaving the Bank of England hesitant to cut interest rates prematurely. 

FTSE 100: The FTSE 100 advanced 54.14 points to 10,681.18, maintaining its position well above the pivotal 9,800 support zone that underpins the broader trend. The 21-day and 50-day Simple Moving Averages continue to track below current levels, reinforcing the constructive structure while leaving scope for short-term consolidation. Momentum remains firm, with the RSI at 71.86, signalling elevated conditions. Support is seen in the 9,950–10,400 region, while the 10,800–11,000 range marks the next resistance zone. 

Source: Charts by EODHD/Others

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