Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading rose around 0.15% on 14 April 2026. 

Macro Update: Over the past 45 days, the UK economy stalled with flat 0% GDP growth. While the Bank of England held rates at 3.75% unanimously to combat 3.0% inflation, energy price shocks and Middle East tensions have now pushed rate-cut expectations into late 2026 

Top Market Movers: Among top gainers on FTSE 100 index, Intertek Group PLC (LSE: ITRK) witnessed a rise of 12.00% followed by Metlen Energy & Metals PLC (LSE: MTLN) witnessed a rise of 3.66%. 

Commodity Update: Asian stocks moved higher on Tuesday, while oil prices and the safe-haven U.S. dollar weakened after Washington said it remained engaged with Tehran despite blocking Iran’s ports following failed peace talks. Gold rose 0.49% to USD 4,790.90 per ounce, silver gained 1.44% to USD 76.73, and copper added 0.24% to USD 13,048.00. Brent crude slipped 0.76% to USD 98.62 a barrel after briefly moving back above USD 100.00. 

Our Stance: The UK government's current stance focuses on stability over growth. To combat sticky 3% inflation, the Bank of England is maintaining 3.75% interest rates. Fiscal policy prioritizes deficit reduction and debt discipline while providing targeted relief for energy-driven living costs. 

FTSE 100: The FTSE 100 Index is trading near 10,596.96, up around 0.13%, and continues to remain above both the 21-day SMA near 10,267.73 and the 50-day SMA near 10,404.62, indicating that the broader upward structure remains intact. However, prices are still below the recent peak near the 10,850 zone, suggesting that near-term momentum has moderated following the earlier rally. The chart continues to show a pattern of higher lows, while the 14-day RSI near 60.80 points to balanced momentum with room for further upside. Immediate support is placed in the 10,400.00–10,250.00 zone, while resistance is seen near the 10,850.00–11,000.00 range. 

Source: Charts by EODHD/Others

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