The FTSE 100 Index closed Wednesday up 1% at 7715 points, in line with global peers despite a fall among miners, as signs of easing U.K. inflation increased hopes of interest-rates cut next year, Scope Markets chief market analyst Joshua Mahony says in a note. The markets are now pricing a 75% chance of a rate cut by the Bank of England in May, compared with previous expectations of 55%, he adds. Intertek outperformed the blue-chip index, with shares closing up 3.7%, followed by real-estate investment trust Segro and IMI, up 3.2% and 2.9%, respectively.
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