FTSE 100 Edges Higher Ahead of Bank of England Rate Decision

The FTSE 100 index closed Monday's trading session at 10,697.57, marking a gain of 0.44%.

This increase comes as investors look ahead to this week's Bank of England interest-rate decision and assess the impact of higher oil prices and Middle East tensions on inflation.

The more domestically focused FTSE 250 index fell 0.59% to 23,834.48.

The Bank of England is widely expected to leave interest rates unchanged at 3.75% on Thursday, but markets are increasingly pricing in the risk of further tightening due to sustained high oil prices.