FTSE 100 inches higher again as European Central Bank holds rates

London’s top markets continued to make slow progress on Thursday, as the FTSE 100 made another marginal gain.

The index spent much of the day in the red but improved after the European Central Bank (ECB) held firm on interest rates and poured cold water over hopes of imminent cuts.

Meanwhile, US-linked firms also had a stronger afternoon after GDP data for the fourth quarter of 2023 outperformed expectations.