FTSE 100 Opens Flat at 10,844 as UK Rates Hold at 3.75% Again
As seen on the 24/7 Wall St. homepage on August 12, 2026.
- 🇬🇧 FTSE 100—
- 🇩🇪 DAX-0.08%
- 🇫🇷 CAC 40—
London opens right where it closed, just above 10,844, with UK rates pinned at 3.75% for a fifth straight meeting. Frankfurt is the one giving ground at the bell, so the direction of European risk appetite today gets set outside the UK.
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The FTSE 100 began trading on August 12, 2026, at exactly 10,844.19, matching its previous close to the decimal. That dead-flat open reflects a market in a genuine holding pattern, with the data signaling no move in either direction yet.
The anchor is the Bank of England's rate decision, with UK borrowing costs held at 3.75% for a fifth consecutive meeting. Five straight holds means policymakers have now sat on their hands through a sustained stretch of economic data without feeling compelled to act, and the market has largely priced that posture in.
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Frankfurt is doing the moving this morning: the DAX opened down 0.08%, making it the outlier in Europe at the bell and the index setting the tone for regional risk appetite today. With London flat and Germany slipping, the cautious read on European equities as a whole is the stronger one.
The FTSE has been trading in a narrow band over the past two weeks, with no single day delivering a dramatic break in either direction. That range tells its own story about conviction levels among investors waiting to see whether rates or growth data eventually forces a hand.