Market Report: Inflation Surprise Makes Footsie Rise

Summary


Hopes of a delay to interest rate rises and a strong performance from financial stocks drove London shares higher.

A surprise 0.2 per cent fall in the annual rate of inflation spurred positive sentiment as the FTSE 100 Index advanced 22.8 points to 4569.0 at the close.

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Market Report: Inflation Surprise Makes Footsie Rise

With inflationary pressures easing, the pound softened against the US dollar to provide exporters with light relief at a tim...

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