UK Stocks Close at Over 1-Month High
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UK's FTSE 100 index rose 0.9% to 9,774, marking a one-month high, driven by expectations of a Bank of England rate cut. Notable gainers included Barratt Redrow (+3.7%) on rate cut speculation, Phoenix Group (+3.3%) after a UBS upgrade, and HSBC (+2.7%) following a KBW upgrade. UK inflation dropped to an eight-month low, influencing market sentiment.
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