FX.co ★ FTSE 100 Trades Cautiously Higher

The FTSE 100 was little changed to slightly higher on Tuesday, after falling 0.4% in the previous session, as investors awaited further details on the US-Iran agreement that could lead to the reopening of the Strait of Hormuz. Among the blue-chip constituents, Rolls-Royce and submarine contractor Babcock each advanced more than 2%, while major banks including HSBC Holdings, Lloyds Banking Group and Barclays added roughly 0.4% to 0.6%.

Attention is also on a busy UK data calendar this week, with key releases on inflation, employment and retail sales, as well as the Bank of England’s interest rate decision and Thursday’s Makerfield by-election.

Elsewhere, the Bank of Japan raised interest rates in line with expectations, while the Reserve Bank of Australia left its policy settings unchanged.