British stocks rose in a broad-based rally on Wednesday after domestic inflation eased more than expected, with a weaker pound pushing the exporter-heavy FTSE 100 to a more-than-two-week high.
The blue-chip FTSE 100 (.FTSE) rose 1.1%. The more domestically focussed FTSE 250 midcap index (.FTMC) added 2.4%, hitting a one-month high.
The pound weakened after British inflation fell more than expected in June – its slowest in more than a year at 7.9%, compared with expectations of 8.2%.
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