index/">index Update: The FTSE 100 index/">index, a key benchmark index/">index for the London Stock Exchange, was trading declined around 0.12% on 24 April 2026. 

Macro Update: The UK economy faces Stagflation/">Stagflation risks as growth forecasts drop to 0.8%. While Manufacturing PMIs hit four-year highs, Inflation/">Inflation surged to 3.3% following Middle East tensions. With the Base Rate at 3.75% and energy bills falling temporarily, high Debt/">Debt interest and volatile fuel prices keep the outlook highly uncertain. 

Top Market Movers: Among top gainers on FTSE 100 index/">index, British American Tobacco PLC (LSE: BATS) witnessed a rise of 3.69% followed by BT Group PLC (LSE: BT.A) witnessed a rise of 1.93%. 

Commodity/">Commodity Update: The dollar is set for its first weekly gain in three weeks as stalled U.S.–Iran peace talks and ongoing tensions support safe-haven Demand/">Demand. Iran’s actions in the Strait of Hormuz and uncertainty around shipping routes kept oil prices elevated. Brent Crude rose 1.00% to USD 106.27, heading for strong weekly gains. Meanwhile, gold fell 0.67% to USD 4,693.90, silver declined 0.61% to USD 75.04, and copper slipped 0.67% to USD 13,258.00 amid firm dollar pressure and cautious global risk sentiment. 

Our Stance: The UK maintains a cautious stance, balancing fragile 0.8% growth against 3.3% Inflation/">Inflation. The Bank of England holds rates at 3.75% to curb price spikes without triggering Recession/">Recession, while the government manages high Debt/">Debt amid volatile global energy markets. 

FTSE 100: The FTSE 100 is trading near 10,386.00, down 20.80 points (-0.20%). The index/">index remains below its 20-day SMA (~10,461), indicating a slightly softer near-term structure. Price action is consolidating after a recent rebound, with mild pressure near higher levels. The 14-day RSI around 47 has slipped below its signal line, reflecting easing momentum. Immediate support is placed at 10,200 and 10,100, while resistance stands at 10,460–10,500 and 10,650. 

Source: Charts by REFINITIV

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