The FTSE 100 week to 6 November 2026 ended at 10,673.94, down 0.52% on the week, after a Bank of England rate rise and a sell-off in artificial intelligence shares overseas. The FTSE 100 week began quietly, with the index rising by 0.29% to 10,761.33 on Monday 2 November as falling oil prices lifted sentiment, but it slid by 1.14% to 10,638.43 on Tuesday as miners fell and Associated British Foods dropped after its update.
Wednesday brought the strongest session, a 1.79% jump to 10,829.21, the highest level in nearly three weeks, before the Bank of England decision on Thursday. The Monetary Policy Committee voted eight to one on Thursday 5 November to raise Bank Rate by 25 basis points to 4.00%, its first increase since 2023 and the end of a run of holds at 3.75%. Governor Andrew Bailey said a further move could come as soon as December if price pressures persist, with the next decision due on 17 December 2026.
Ftse 100
On Friday 6 November, the index fell by 108.72 points, or 1.01% on the day, to 10,673.94, against the previous Friday close of 10,729.78. The index touched an intraday low of 10,528.07 on Friday morning, as a global sell-off in artificial intelligence shares weighed on markets. The weekly decline left the United Kingdom benchmark about 3% below its 52-week high of 10,989.45 and comfortably above its 52-week low of 9,423.90.
Financial and defence stocks offset weakness in energy shares at times during the week, showing how the FTSE 100 mix can protect it from falls in one sector. The index has a lower exposure to technology than United States markets, which helped it in October when the Nasdaq 100 fell by 6.9%, while the FTSE 100 gained around 2% as energy stocks rallied.
The week ahead was busy, with labour market data due early in the week, unemployment last reported at 4.7%, and the Office for National Statistics publishing the first estimate of third-quarter gross domestic product, alongside September monthly gross domestic product, industrial production and trade figures, on Thursday 12 November. Overseas, United States October consumer prices on Tuesday 10 November and producer prices on Friday 13 November were set to shape expectations for a Federal Reserve rise in December.
Source: BBN Times
