News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Banks gain in otherwise muted UK stock market

Barclays shares post biggest gain after Bank of England's chief economist sparks speculation that rate rise may be imminent

Banks gain in otherwise muted UK stock market

Bank stocks on Thursday stood out in an otherwise listless UK stock market, advancing on expectations that interest rates soon will rise in both Britain and the US, MarketWatch reports.

Shares of Barclays posted the biggest gain in London, rising 1.7%. Lloyds Banking Group added 0.7%, HSBC climbed 0.6% and Standard Chartered gained 0.7%.

WSJ Logo