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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: ‘We’re in an economic danger zone’ — inflation tops forecasts; US default fears; FTSE down 1.8%

Inflation Office for National Statistics City

The FTSE 100 closed down almost 1.8% at 7627, as the combination of higher-than-forecast inflation and US default fears led to the biggest sell-off of London stocks in months.

The ONS’s inflation figures shocked the City again this morning, coming in much higher than expected for the third month in a row, at 8.7%.

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