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London close: FTSE gains as inflation data cements rate hike expectations

By Michele Maatouk

Date: Wednesday 21 Oct 2026

(Sharecast News) - London stocks rose on Wednesday as a bigger-than-expected rise in inflation cemented rate hike expectations.
The FTSE 100 closed up 0.2% at 10,752.88.

Figures from the Office for National Statistics showed that inflation soared to the highest annual rate in almost a year last month as transport...

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