FTSE set for flat start ahead of BoE announcement

The FTSE 100 is expected to open around 5 points lower this morning ahead of today's monetary policy statement from the Bank of England, with interest rates widely expected to be kept on hold following the latest inflation figures.

Asian markets were trading lower this morning, while US stocks made further progress overnight.


In the US overnight, the Dow closed 0.18% higher at 22,158.18, the S&P 500 ended 0.08% firmer at 2,498.37 and the Nasdaq was also up 0.09% at 6,460.19.

In Asia this morning, the Nikkei 225 was recently down 0.26% at 19,814.82 and the Hang Seng was 0.42% lower at 27,776.52.


At around 6.15am, WTI crude was 0.14% lower at $49.23 per barrel and Brent was down 0.25% at $55.02 per barrel.

Gold was also softer at $1,326 an ounce this morning, as was silver and, to a lesser extent, copper.


Interim results are expected from Corero Network Security, Forbidden Technologies, Gresham House, GVC, Property Franchise and Warpaint London, while trading statements are due from Booker and Safestore.

In addition, shareholder meetings are to be held by Abzena and Falcon Oil & Gas.

In economic news, the Bank of England is scheduled to release its latest monetary policy summary.