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FTSE Hits Record High, Faces AI Stock Losses

2/4/2026

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Story summary
  • The FTSE 100 rose to a record high of 10,373.28 points on February 3, 2026, but closed 0.26% lower.
  • Losses in AI-exposed stocks outweighed gains in mining stocks, with a significant drop in the technology index.
  • Gold prices surged, triggering a rebound in precious metal miners.
  • The Bank of England is expected to keep its benchmark rate at 3.75% during its upcoming meeting.
  • United Kingdom grocery inflation eased to 4.0%.