FTSE 100 Live: London stocks flat as defence rally offset by commodities falls

UK CPI inflation remained unchanged at 2.8%, reinforcing expectations that the Bank of England will not need to raise rates. The pound fell on the softer policy outlook, while the FTSE 100 was down 18 points to 10,476. The article also notes Hays is selling overseas offices, but the main market driver is the inflation print and resulting rate expectations.

Analysis

UK CPI inflation remained unchanged at 2.8%, reinforcing expectations that the Bank of England will not need to raise rates. The pound fell on the softer policy outlook, while the FTSE 100 was down 18 points to 10,476. The article also notes Hays is selling overseas offices, but the main market driver is the inflation print and resulting rate expectations.