FTSE 100 Jumps as Fed Hikes Rates, BoE Decision Looms

The UK's FTSE 100 index rose by 0.51% to 10,742.81 points on Thursday after the U.S. Federal Reserve delivered a widely expected interest-rate hike of 25 basis points.

Markets now focus on the Bank of England's rate decision later in the day, with traders expecting rates to remain steady but anticipating a potential hike in November due to high energy prices.

Notable gainers included Next, which raised its annual profit guidance by £12 million to £1.255 billion for the fourth time this year, and AstraZeneca after unveiling an investment of nearly 200 million yuan to upgrade its production base in China.