London stocks had surged by midday on Wednesday, while sterling slumped as the latest UK inflation data cemented expectations of a rate cut from the Bank of England this week.

London stocks racked up strong gains in early trade on Wednesday as the latest UK inflation data cemented expectations of a rate cut from the Bank of England this week.

London stocks ended off highs but firmly in the black on Wednesday as the latest UK inflation data cemented expectations of a rate cut from the Bank of England https://www.sharecast.com/news/news-and-announcements--/uk-manufacturing-downturn-eases-in-december---cbi--21392432.htmlthis week.