LONDON, Aug 18 — London’s FTSE 100 fell today, with financial and energy stocks leading the decline, although cooling inflation helped limit losses by allaying concerns that the Bank of England could pull back its asset purchases sooner than expected.
British inflation fell to the Bank of England’s 2 per cent target in July in an unexpectedly sharp slowdown that economists said was most likely a blip, as the reopening of the economy after lockdown drives prices higher. Still, inflation is considerably higher than the 0.4 per cent level seen in February.
“ could just as easily move higher, probably driven by the delayed economic reopening that was deferred from June,” said Michael Hewson, chief market analyst at CMC Markets.
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