London stocks rose in early trade on Thursday as investors mulled the latest policy announcement from the Federal Reserve and looked ahead to rate decisions from the Bank of England and European Central Bank.
At 0840 GMT, the FTSE 100 was up 0.5% at 7,800.28.
The Fed lifted interest rates by 25 basis points on Wednesday, as expected, but markets rallied after Chair Jerome Powell warned that more interest rate hikes were coming and said it would be “very premature to declare victory” on inflation but acknowledged that “the disinflationary process has started”.
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