Gains from banking stocks and positive trading on Wall Street helped push London’s equity markets higher on Wednesday.
US inflation increased to 2.7% in November, in line with expectations, as the Federal Reserve considers another interest rate cut next week. In company news, British American Tobacco was in the green after it said it is on track to make more money from selling vapes in the second half of the financial year than the first.
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Rate cut hopes drive UK stocks higher after weak economic dataThe FTSE 100 surged on Friday as the pound lost ground against the dollar.
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