FTSE 100 surges to record high as UK inflation cools

The FTSE 100 index closed up 130.01 points, 1.2%, at 10,686.18 (PA) - (PA Wire)

Stocks across Europe pushed higher on Wednesday, with the FTSE 100 spiking to a new record, as cooling consumer price inflation in the UK boosted Bank of England rate cut bets.

The FTSE 100 index closed up 130.01 points, 1.2%, at 10,686.18. The FTSE 250 ended up 130.62 points, 0.6%, at 23,686.44, and the AIM all-share closed up 5.13 points, 0.6%, at 811.74.