FTSE inches higher despite caution after jump in UK inflation
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s top equity markets wobbled after inflation lifted to its highest level since March amid investor caution over key central bank votes. “The first half of the month has seen US markets struggle, but there is still plenty of space for the usual second half rally to develop, should we avoid any nasty surprises from Powell and co tonight.” In mainland Europe, the other main markets also made marginal gains despite some weak earnings updates. The company said it has seen “very challenging trading conditions” since the end of September as shoppers have pulled back spending amid unseasonal weather, adding that consumer confidence had weakened further since the Budget.