June 2026 Market Review: UK Shares Rise as Oil Slides and Inflation Holds
DailyFX Real Time News 2026-07-20 15:01:26
Context: The UK stock market saw a rise in June 2026, driven by a decline in oil prices and steady inflation. The FTSE 100 index made gains, while gilt yields eased. The Bank of England decided to hold interest rates, amidst a backdrop of US shares taking a pause after a strong run.
Key Facts
- The UK's inflation rate held steady at 2.8% in June 2026, providing a stable backdrop for the stock market.
- The FTSE 100 index made gains, marching on, as investors reacted to the steady inflation and declining oil prices.
- The Bank of England decided to hold interest rates, maintaining the current monetary policy stance, while US shares took a pause after a strong run and gold prices gave back some of their gains.