Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading risen around 1.32% on 08 April 2026. 

Macro Update: The UK economy faces "steady but fragile" 1.1% growth as of April 2026. While inflation has moderated to 2.3%, new dividend and capital gains tax hikes and geopolitical energy risks create headwinds. The Bank of England holds rates at 3.75%, balancing a cooling services sector against a pending India-UK trade deal. 

Top Market Movers: Among top gainers on FTSE 100 index, Legal & General Group PLC (LSE: LGEN) witnessed a rise of 5.39% followed by Prudential PLC (LSE: PRU) witnessed a rise of 5.13%. 

Commodity Update: Asian markets rallied on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, pushing the dollar to its lowest level in a month. The euro, yen, Australian dollar and New Zealand dollar strengthened. Gold jumped 2.215% to USD 4,834.05, silver climbed 6.34% to USD 76.55, and copper rose 2.57% to USD 12,660.00. Brent crude tumbled 15.00% to USD 94.59 on easing supply fears. 

Our Stance: The UK maintains a "steady but fragile" stance, prioritizing fiscal stability through recent tax hikes on dividends and capital gains. The Bank of England holds rates at 3.75% to anchor 2.3% inflation, while the government pursues "Securonomics" to balance a 1.1% growth forecast against rising geopolitical energy risks. 

FTSE 100: The FTSE 100 Index is currently trading near 10,587.68, gaining around 2.31%, and remains above both its 21-day moving average near 10,216.09 and 50-day moving average near 10,371.67, indicating an improving technical structure. Recent price action shows a strong rebound from the March low, with the index reclaiming key moving averages. The RSI near 61.02 reflects firmer momentum and improving sentiment. On the downside, 10,370.00–10,220.00 may provide immediate support, while 10,700.00–10,800.00 could emerge as the next resistance zone. 

Source: Charts by EODHD/Others 

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