According to TradingEconomics, the British FTSE 100 index increased by 0.1% on Wednesday, ending a three-session decline, bolstered by strong performance from HSBC, which surged 3.3%, along with BAT, which rose by approximately 2%.

Investors are still anticipating movements in interest rates, with widespread expectations that the U.S. Federal Reserve will cut rates later today, coinciding with increasing discussions about the duration of the upcoming monetary easing cycle.

Housing Sector: Positive Outlook Despite Challenges

Shares of Berkeley Group rose by more than 1.5% after the property developer reaffirmed its commitment to annual profit guidance, despite reporting a decline in revenues.

The company indicated a continued cautious approach in the near term but adopted a more optimistic outlook in the long term, particularly in London, where a potential interest rate cut and improved purchasing power are expected to support demand in the housing market.