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By Shubham Batra and Roshan Abraham
(Reuters) – London stocks ended higher after advancing for a fourth straight session on Wednesday as soft consumer prices data for July strengthened bets that the Bank of England will cut interest rates in its next policy meeting.
The blue-chip FTSE 100 and the midcap FTSE 250 index climbed 0.6% and 1%, respectively, and closed at a two-week high.
Most sectors closed with gains, with rate-sensitive sectors like homebuilders gaining 3.4% and were amongst the biggest gainers.
Meanwhile, industrial metal miners slipped nearly 1% as base metals were under pressure after a bigger-than-expected drop in Chinese lending worsened sentiment. [MET/L]
British consumer price inflation…
