UK's FTSE 100 Touches Record High as Cooling Inflation Fuels Rate‑cut ...
UK inflation slows to 3.0%, raising Bank of England rate cut odds to 85% and driving FTSE 100 to a record close at 10,686.18 points.
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9 Articles
FTSE 100 surges to record high as UK inflation cools
The FTSE 100 index closed up 130.01 points, 1.2%, at 10,686.18.
FTSE 100 Reaches Record High Amid Inflation Cooldown and Metal Surge | Science-Environment
The FTSE 100 hit a new peak as cooling inflation fueled hopes of a rate cut by the Bank of England, with miners leading gains. The index rose 1.2%, while commodities and monetary easing expectations bolstered UK equities. Despite AI concerns, strong performances lifted investor sentiment.
Hargreaves Lansdown: Records, rate cuts, and a booming red metal
The FTSE 100 powered to yet another record high yesterday, surging over 1% after UK inflation dropped to 3.0% in January, its lowest level since March last year. Markets now see an 80% chance of a move in March, and with weak jobs data earlier in the week painting a similar picture, the interest rate path looks increasingly supportive for UK equities. The index couldn’t quite hold onto its new title for long, with the FTSE 100 down a touch at th…
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