London stocks rise on softer inflation data [Reuters]
COCA COLA HBC UNSP/ADR (CCHGY)
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Source: Reuters
The blue-chip FTSE 100 index (.FTSE) , opens new tab was up 0.5%, as of 0807 GMT. The midcap FTSE 250 (.FTMC) , opens new tab added 0.3% after falling nearly 1.5% in the previous session. Data showed British consumer price inflation unexpectedly held steady at an annual rate of 4.0% in January, unchanged from December, providing a boost for the Bank of England. Economists polled by Reuters had anticipated an increase to 4.2%. Ad Break Coming Up Ad Visit Advertiser website GO TO PAGE The sterling weakened against the dollar after the data, last down 0.2%, strengthening equities on the exporter-heavy FTSE 100. Interest rate cut expectations increased after the data, with money markets expecting around 70 basis points of interest rate cuts this year, up from about 58 bps previously. 0#BOEWATCH. The rate-sensitive homebuilders index (.FTNMX402020) , opens new tab was among the top sectoral performers, rising 1.6%. Advertisement · Scroll to continue Among corporate upd
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