index Update: The FTSE 100 index, a key benchmark index for the London Stock Exchange, was trading declined around 0.59% on 20 April 2026. 

Macro Update: In April 2026, the UK economy faces "fragile" growth, with the IMF downgrading its 2026 GDP forecast to 0.8% due to Middle East conflict energy shocks. While February's 0.5% GDP growth beat expectations, Inflation remains high at 3% and Unemployment has hit a nearly five-year high of 5.2%.  

Top Market Movers: Among top gainers on FTSE 100 index, BP PLC (LSE: BP.) witnessed a rise of 2.90% followed by Centrica PLC (LSE: CNA witnessed a rise of 2.58%. 

Commodity Update: The U.S. dollar climbed to its highest level in one week against currencies on Monday as renewed tensions between the United States and Iran, along with hopes of a Middle East peace deal, pushed investors toward Assets. Gold declined 1.31% to USD 4,815.90, silver fell 1.91% to USD 80.27, and copper slipped 0.22% to USD 13,343.00. Brent Crude surged 5.23% to USD 95.00 after Tehran closed the Strait of Hormuz. 

Our Stance: In 50 days, the UK will likely face "stagflationary" pressure. With growth stalling toward 0.8% and Inflation forecasted to spike near 4% due to energy shocks, the Bank of England may hike rates to 4%. High Mortgage costs and rising Unemployment will further dampen consumer spending and overall economic sentiment. 

FTSE 100: The FTSE 100 index is trading near 10,596.99 and continues to remain above both the 21-day SMA near 10,321.95 and the 50-day SMA near 10,425.79, keeping the broader trend constructive. The 14-day RSI near 58.48 indicates improving momentum without entering overbought territory. Immediate support is seen near 10,425, followed by 10,200. On the upside, the index may face resistance near 10,700, while a stronger hurdle is placed around 10,800–10,850. 

Source: Charts by REFINITIV

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