FX.co ★ FTSE 100 Modestly Higher On Fed Rate Cut Hopes

UK stocks experienced modest gains on Wednesday, buoyed by optimism that the U.S. Federal Reserve may begin to lower interest rates later this year.

The FTSE 100 index increased by 29 points, or 0.3%, reaching 8,457, continuing its upward trend after a 0.2% rise on Tuesday.

Notable performances included credit data firm Experian, which surged nearly 8% following its forecast of annual organic revenue growth between 6% and 8% for the fiscal year 2025.

Britvic, a prominent drinks company, saw its shares jump 11% after reporting a significant increase in interim profits and revenue, alongside the announcement of a £75 million share buyback plan.

Engineering group Hunting enjoyed a 23% rise in share price after securing a new order valued at $145 million from the Kuwait Oil Company.

Additionally, telecom giant Vodafone advanced 4.6%, bolstered by the announcement of a €500 million share buyback program.