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The FTSE 100 recorded strong gains on Friday as US data pointed to resilient consumer spending and relatively subdued inflation, keeping hopes for rate cuts across the pond on track.
The FTSE 100 index closed up 70.85 points, 0.8%, at 9,284.83. The FTSE 250 ended 93.71 points higher, 0.4%, at 21,681.48, and the AIM All-Share ended up 3.91 points, 0.5%, at 777.53.
For the week, the FTSE 100 rose 0.7%, the FTSE 250 advanced 0.4% and the AIM All-Share climbed 0.4%.
Figures from the Bureau of Economic Analysis showed US inflation pressure was largely steady in August.
The core personal consumption expenditures price index, which is the Federal Reserve’s preferred inflationary measure, rose 2.9% on-year in Augu
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