FTSE 100 hits a fresh record as UK inflation cools — BAE, Glencore jump
The FTSE 100 rose about 1% Wednesday, nearing record highs after UK inflation slowed to 3.0% in January. BAE Systems and Glencore led gains, while sterling steadied following recent losses. Investors increased bets on a Bank of England rate cut next month. The FTSE 250 also advanced, tracking broader gains in European markets.