UK Macro Daily(Beta Mode)
Gilt Yields Ease as FTSE Rises in Quiet Session
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| FTSE 100 | 10,879.40 | +0.20% |
| FTSE 250 | 24,614.79 | +0.64% |
| GBP/USD | 1.35 | +0.29% |
| GBP/EUR | 1.17 | -0.04% |
| GBP/JPY | 212.37 | +0.40% |
| Brent Crude | 80.31 | +1.20% |
| Gold | 4,218.10 | +3.00% |
| UK Nat Gas | 2.69 | +0.48% |
| Bitcoin | 64,116.24 | +0.09% |
| UK 2Y Gilt | - | - |
| UK 10Y Gilt | 4.80% | -2.95% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
FTSE 100 Index | Type: market_hloc | Index Level: 1.089e+04 (2026-08-05) | Range: 1.02e+04–1.091e+04 | Trend(6pt): 1.022e+04,1.043e+04,1.036e+04,1.05e+04,1.088e+04,1.089e+04
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Thursday (2026-08-06) | |||
| S&P Global Construction PMI Index | 38.40 | 40 | 00:30 |
| Friday (2026-08-07) | |||
| Lloyds House Price Index Month-over-Month | 0.20 | 0.10 | 22:00 |
| Lloyds House Price Index Year-over-Year | 0.60 | 0.40 | 22:00 |
- FTSE 100 rises 0.20% to 10,879.40 while 10-year gilt yields fall to 4.80%.
- Sterling advances 0.29% against the dollar to 1.35 amid thin data flow.
- Construction PMI and house-price figures due tomorrow set to test sentiment.
Yesterday's Recap
UK markets advanced on 4 August with no major data releases. The FTSE 100 closed at 10,879.40, up 0.20%, while the FTSE 250 gained 0.64% to 24,614.79. Sterling strengthened, with GBP/USD rising 0.29% to 1.35 and GBP/JPY adding 0.40% to 212.37.
The 10-year gilt yield declined 2.95% to 4.80%, consistent with the verified 4.94% level recorded on 3 August. Brent crude increased 1.20% to 80.31 and gold surged 3.00% to 4,218.10. UK natural gas edged 0.48% higher to 2.69.
The absence of releases left focus on the Bank of England’s 3.73% Bank Rate and 2.60% June CPI reading. Bitcoin gained 0.09% to 64,116.24.
The Day Ahead
Attention turns to the S&P Global Construction PMI at 00:30 on 6 August, with consensus at 40.0 after 38.4 previously. Lloyds House Price Index month-over-month is expected at 0.1% versus 0.2% prior, while the year-over-year measure is forecast at 0.4% against 0.6%. These medium-impact prints will provide the first housing and construction signals since the July services PMI.
No MPC members are scheduled to speak. Markets will also monitor any updates on the BoE’s quantitative tightening path ahead of the next policy meeting. GBP/EUR eased 0.04% to 1.17.
Other Economic Notes
UK unemployment stands at the verified 4.90% rate for April, underscoring persistent labour-market slack. Chancellor Reeves has reiterated that fiscal rules will be met without tax increases in the autumn statement, supporting gilt stability. The 2.60% June CPI print remains the key inflation benchmark guiding expectations for the 3.73% Bank Rate.
Construction and housing data tomorrow will feed directly into growth assessments ahead of the next Monetary Policy Committee round. Sterling’s modest gains reflect relative UK resilience versus euro-area peers. The verified 4.94% 10-year gilt yield on 3 August provides the reference point for recent moves.
