UK’s FTSE 100 hits two-week high

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%.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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