Haleon slips on Pfizer cutting stake
Currys gains on profit outlook raise
FTSE 100, FTSE 250 up 0.1 each
March 18 Reuters The UK39;s FTSE 100 inched higher on Monday as energy stocks tracked crude prices higher, while investor caution ahead of domestic inflation data and major central bank decisions kept a lid on gains.
Energy shares advanced 0.8, tracking gains in crude prices on the view that supply was tightening, in turn lifting the resourceheavy FTSE 100 0.1 as of 0910 GMT.
Shares of Reckitt Benckiser gained 2.4 and also boosted the benchmark index after slumping around 14 on Friday.
Investors39; focus this week would be on the domestic inflation data for February and the U.S. Federal Reserve39;s rate verdict, both due on Wednesday, a day before the Bank of England39;s interest rate decision.
The FTSE 100 eked out a positive open and this is what youre going to see for the rest of the week until we get decisions from the Fed and the Bank of England, said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Investors want to find out what the attitude is among central bankers about when interest rate cuts will come, and any hint of more hawkish views given the hotter inflation could lead to a bit of volatility later this week.
The central bank is widely expected to keep rates at current levels in the upcoming meeting, although the focus will be on ascertaining the timing of the first rate cut. 0BOEWATCH
The midcap FTSE 250 edged 0.1…