FTSE 100 Edges Up After Fed Hike as BoE Decision Looms

The FTSE 100 index rose 0.51% to 10,742.81 points on Thursday as the US Federal Reserve delivered a widely expected interest-rate hike.

The market's attention turned to the Bank of England's rate decision later in the day, with expectations that it will leave rates steady but potentially hint at an increase in November due to high energy prices.

Clothing retailer Next gained 0.82% after raising its annual outlook for the fourth time this year, increasing its pre-tax profit guidance by £12 million ($16.08 million) to £1.255 billion.