Markets rangebound as investors face sticky inflation and prospect of higher interest rates
Equities in London underwhelmed heading into Wednesday afternoon, with the mood tempered by another robust UK consumer price index reading, which may force the Bank of England to dig deeper to contain inflation.A hike on Thursday by Threadneedle Street is a foregone conclusion. Wednesday data means a half-point rate lift may be on the table. The BoE had been expected to enact another 25 basis poin