UK midcaps hit 2-month high on inflation cheer; Diageo slides

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Reuters UK

By Khushi Singh and Johann M Cherian (Reuters) -UK stocks finished strong on Wednesday with the midcap FTSE index having touched a two-month high earlier on signs of easing consumer inflation, while whisky maker Diageo dropped after flagging pressures in Latin America. Data showed domestic consumer inflation cooled more than expected in October as household energy prices dropped from a year ago, strengthening investor bets that the Bank of England might steer clear of further monetary tightening to protect economic growth. “This report lends further support to the BoE’s recent commentary that …

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