London stocks rise on strong earning reports; BoE decision in focus

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Oct 30 - Britain's benchmark FTSE 100 climbed on Monday, on track for the biggest gains in three weeks, as hopes of a rate pause by the Bank of England in its upcoming policy meeting bolstered investor sentiment, while information and analytics firm Ascential lifted midcap stocks on the sale of its units in a $1.70-billion deal.

Ascential soared 34.2% to the top of FTSE 250 after it announced the sale of its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds . "Interest rates look set to remain on hold in the UK and the US following the ECB's decision last week to keep rates unchanged for the first time in over a year," said Victoria Scholar, head of investment, at Interactive Investor.

 

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