British stocks lose steam on inflation, tariff worries

(Reuters) -British equities closed lower on Wednesday, as investors trimmed their bets on the pace of interest rate cuts by the Bank of England following stronger-than-expected inflation data. The blue-chip FTSE 100 dropped 0.6%, touching its lowest level in over a week, while the midcap FTSE 250 fell 0.8% to a two-week low. Data showed British inflation surged to a 10-month high of 3.0% in