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Stock prices in London closed mostly lower on Friday, after positive news for European trade with China and hawkish comments by a US Federal Reserve officer.
In the UK, softer inflation data means the Bank of England’s interest rate call on Thursday next week is more finely balanced than previously thought.
A hold is broadly expected but the vote is expected to be close, and a quarter-point cut is far from ruled out.
With “dovish” Monetary Policy Committee members Swati Dhingra and Alan Taylor expected to vote for a cut, the outcome will likely depend on the decisions of governor Andrew Bailey, deputy governor Sarah Breedon and Dave Ramsden.
The Bank’s dilemma follows a downs
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