FTSE 100 Rises as Investors Eye BoE Decision Amid Inflation Concerns

The FTSE 100 index rose by 0.51% to 10,742.81 points on Thursday, following the widely expected rate increase from the U.S. Federal Reserve.

Investors are now focusing on the Bank of England's policy decision later in the session, with markets pricing a strong probability of rates being held steady despite UK inflation moving further above target.

The Fed raised interest rates by 25 basis points and signaled one more increase in the coming months, which has shifted attention to the BoE's move. The Bank is expected to keep rates unchanged later today, but markets are watching for any indication that elevated energy prices could force a hike in November.