FX.co ★ FTSE 100 Snaps 3-Day Losing Streak

On Wednesday, the FTSE 100 experienced a modest increase of 0.1%, halting a three-day downward trend. This uplift was largely attributed to a significant surge in HSBC shares, which rose by 3.3%, and a 2% climb in BAT shares. Investors remained laser-focused on developments pertaining to interest rates, with a widespread anticipation of a rate cut from the Federal Reserve later in the day. However, there was growing discourse about the duration of the impending easing cycle. Meanwhile, shares of Berkeley Group increased by over 1.5% following the homebuilder's reaffirmation of its profit forecast, despite reporting a dip in revenue. The company acknowledged short-term caution but conveyed a more positive long-term outlook, particularly in London. Here, anticipated reductions in interest rates and improved affordability are expected to bolster demand.