Blue-chip index FTSE 100 soars after UK inflation drop fuels hope of interest rate cuts
Stocks in London soared on Wednesday, outperforming European peers, after a sharp drop in the annual rate of UK inflation fuelled hopes for interest rate cuts next year.The FTSE 100 index closed up 77.65 points, 1.0%, at 7,715.68. The FTSE 250 ended up 313.11 points, 1.6%, at 19,629,09, and the AIM All-Share closed up 6.05 points, or 0.8%, at 751.44.The Cboe UK 100 ended up 1.1% at 771.19, the...