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Evening Standard

Alex Daniel

Rate cut hopes drive UK stocks higher after weak economic data

United Kingdom National World Media Concierge

UK stocks rose on Friday amid growing hopes of interest rate cuts (Nicholas T Ansell/PA) - (PA Wire)

Investors’ hopes of future interest rate cuts were buoyed on Friday by weak UK economic data, pushing the FTSE 100 upwards.

London’s blue-chip index gained 112.81 points, or 1.38%, to end the day at 8,262.08.

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