FX.co ★ FTSE 100 Modestly Higher In Cautious Trade

U.K. stocks registered modest gains with cautious trading on Wednesday as investors anticipated the Federal Reserve's preferred inflation measure and considered the potential economic impact of U.S. President-elect Donald Trump's tariff proposals.

The FTSE 100 index rose by 12 points, or 0.2%, to 8,271, following a 0.4% decline on Tuesday.

Johnson Matthey, a company specializing in chemicals and advanced technologies, dropped 7% after reporting decreased sales and profits for the six months ending September.

EasyJet saw a 2% increase as the airline announced a rise in annual profits, following another record-breaking summer season.

GSK experienced a slight increase in their share price after gaining approval from EU regulators for its liquid meningitis vaccine, Menveo.