British FTSE 100 Open Higher on Positive Data, Markets Await Fed Rate Decision

The British FTSE 100 index opened higher on Wednesday, bolstered by recent data indicating a 0.6% rise in UK house prices for April. Additionally, new figures are anticipated from the manufacturing sector. Meanwhile, London-based GSK reported a 6% year-over-year increase in its first-quarter revenue, reaching £7.36 billion. Market focus is largely centered on today’s expected Federal Reserve decision on interest rates, which are projected to remain unchanged.