LONDON, June 23 ― British shares ended higher yesterday led by gains in heavyweight energy and homebuilder stocks, while investors hoped that the central bank will keep interest rates at record lows despite a recent rise in inflation.
“Investors are slowly getting used to the idea that all of this talk about the prospect of rate rises and tapering is merely finessing a timeline... when it comes to withdrawing stimulus and potentially raising rates,” said Michael Hewson, chief market analyst at CMC Markets UK. The energy index gained 2.14 per cent with Royal Dutch Shell and BP being the top boost to the FTSE 100 index.
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