UK EQUITIES RISE ON INFLATION RELIEF

The UK's main stock indexes rose on Wednesday after softer-than-expected inflation data provided comfort to investors worried about how long the Bank of England will maintain its restrictive monetary policy for.

The blue-chip FTSE 100 index added 0.8%, while the midcap FTSE 250 was 0.4% higher. Both indexes had suffered sharp losses on Tuesday after a hotter-than-expected reading of U.S. inflation and domestic labour market data forced investors to temper rate cut bets.

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