It additionally began the week in constructive territory, as markets put together for an additional anticipated rate of interest hike when Bank of England policymakers meet on Thursday.
Michael Hewson, chief market analyst for CMC Markets UK, stated: “Both the FTSE 100 and FTSE 250 have fared reasonably well, with the FTSE 100 closing at a two-month high, with house builders seeing a bit of a rebound this month as interest rate rise expectations eased back from the peaks of a few weeks ago.”
It nearly offset losses for grocery store and meals shares, forward of an overhaul of the UK’s alcohol obligation system which is ready to push up costs of bottles from August.
