There was good news from London on Wednesday as the UK Consumer Prices Index was 7.9% higher than a year ago in June.
This was a sharp drop from the 8.7% reading in May, the Office for National Statistics said Wednesday as economists had expected a decline to 8.2%. The FTSE 100 Index advanced 1.8% to its highest level in a month. The inflation data revived speculation about how many more rate hikes the Bank ...
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