© Reuters. Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo
By Sruthi Shankar and Khushi Singh
(Reuters) -Britain’s slipped on Friday, as stronger-than-expected U.S. jobs data pushed up the dollar and yields, sparking a sell-off in commodity stocks.
Most airline stocks rose, however, after Wizz Air (LON:) reported a jump in January traffic.
The blue-chip FTSE 100 ended 0.1% lower, while the mid-cap added 0.2%. Both indexes logged weekly declines.
Bets of early rate cuts are under check after U.S. jobs growth accelerated in January and wages increased by the most in nearly two years. This comes after the Federal Reserve already on Wednesday shot down market expectations of early interest rate cuts.
“In the short term there’s going to be a little bit of a digestion phase because the market had been expecting the Fed to…
