The FTSE 100 started the day as it meant to go on, with the index on track for yet another record close.
The blue-chip outperformed its European peers for most of the session, with the Stoxx 600 seeing its gains erase. The FTSE 250 did not quite measure up to its big brother, however, closing about flat.
The pound was off to shaky start, quickly hitting a session low, but shot up after lunch and is now trading above $1.33, up 0.4% against the dollar.
There were a flurry of earnings too. Mining company Glencore posted worse-than-expected results (and scrapped plans for a New York listing), while Coca-Cola HBC and Coca-Cola Europacific folded against the weight of market expectation.
That’s it for Wednesday. Join us here again tomorrow for the Bank of England’s rates decision, where economists will be expecting to see a rate cut. We’ll be following all the fallout, and everything else that’s driving UK markets, including earnings from hotel operator IHG and advertising giant WPP.
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