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The Economic Times
The Economic Times
Business

UK's FTSE 100 snaps four-week losing streak as rate hike fears ease

United Kingdom Bank of England Inflation Unemployment

UK's blue-chip FTSE 100 index was on course to end a four-week losing streak after data released this week weakened expectations of a Bank of England rate ‌hike, giving relief to ⁠investors ⁠unsettled by political uncertainty.

The blue-chip FTSE 100 index rose 0.21% as of 11:18 am GMT on Friday, while the midcap FTSE 250 climbed 0.57%.

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