Bank of England raises rate to 4% as FTSE 250 briefly reaches record
Published November 6, 2026 · Updated November 6, 2026 · 4 sources
The Bank of England raised its rate by 0.25% to 4%, with some members signalling another rise may be needed. The FTSE 250 peaked at 25,176 before easing.
What happened
The Bank of England raised its interest rate by 0.25% to 4%, and some members of its nine-strong monetary policy committee signalled that another rise may soon be needed [1]. The FTSE 250 reached a record high above 25,000 in early dealings, peaking at 25,176 [1].
The Bank of England raised its rate by 0.25% to 4%. Some members of the nine-strong monetary policy committee signalled that another rise may soon be needed [1].
The FTSE 250 peaked at 25,176 in early dealings and then faded as far as 25,043 [1]. The source says the earlier peak came with improved global risk appetite and various trading updates and results [1].
The source says economists are debating whether the next increase comes next month or in February, with the course of the war in the Middle East and its effect on energy prices a key factor [1]. It quotes Peel Hunt as saying markets price in a 51% chance of a further hike in December [1].
Morgan Sindall issued a trading update saying full year results for 2026 will be slightly ahead of its previous expectations [2]. It also said its Construction division is on track for double-digit profit growth, while profits in Partnership Housing are now expected to be below previous expectations [2][3].
Related companies and sectors
Sector relationship, not a demonstrated effect: ATLAS has no evidence that this story moves these companies' share prices. They appear for their activity in the sector and are shown with ATLAS data.
UK bank whose earnings are sensitive to Bank of England interest rate decisions. · Financial Services
Latest available close
£5.93Close of November 5
Fair value (ATLAS)
£5.26Fair range: £4.73 to £5.78The price (£5.93) is 12.8% above that figure.
Chance of a rise in 1 month
51%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £5.62 and £6.28; 9 in 10, between £5.09 and £6.93.
UK bank whose margins and lending are affected by Bank of England rate changes. · Financial Services
Latest available close
£4.24Close of November 5
Fair value (ATLAS)
£5.93Fair range: £5.34 to £6.52The price (£4.24) is 28.5% below that figure.
Chance of a rise in 1 month
51%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £4.05 and £4.46; 9 in 10, between £3.72 and £4.86.
UK construction contractor and peer of Morgan Sindall, whose trading update lifted the mid-cap index. · Industrials
Latest available close
£8.46Close of November 5
Fair value (ATLAS)
£15.24Fair range: £11.49 to £20.21The price (£8.46) is 44.5% below that figure.
Chance of a rise in 1 month
52%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £8.09 and £8.89; 9 in 10, between £7.45 and £9.66.
UK housebuilder whose demand is sensitive to mortgage rates set after Bank of England decisions. · Consumer Cyclical
Latest available close
£3.31Close of November 5
Fair value (ATLAS)
£4.12Fair range: £3.00 to £5.66The price (£3.31) is 19.6% below that figure.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £3.07 and £3.56; 9 in 10, between £2.69 and £4.06.
ATLAS model estimates put NatWest's close 12.84% above its fair value estimate, while Barclays, Balfour Beatty and Barratt Redrow closed below theirs, by 28.51%, 44.47% and 19.62% respectively. These are model estimates with wide ranges, not promises, and they are not tied to the story.
This is a sector relationship, not a demonstrated effect: there is no evidence that this story moves these companies' share prices. Figures are from closes on November 5 and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 6, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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