British stocks subdued as UK wage growth dulls rate cut hopes
228.00 Pound £
Published date: February 27, 2025
- Location: 9710, Eastern District, Australia
FTSE 100 flat, FTSE 250 down 0.4%
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Plus500 outlook in line with expectations; shares fall
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BT Group down on Citi's double downgrade to 'sell'
Feb 18 (Reuters) - Britain's benchmark index was largely unchanged on Tuesday, while the domestically focused mid-cap index fell after data showing a pick-up in wage growth led investors to trim their bets on the pace of future rate cuts.
The blue-chip FTSE 100 was holding at 8,777.16 points as of 1030 GMT, while the mid-cap FTSE 250 had slipped 0.4%.
British pay growth accelerated in the last three months of 2024, underscoring why the Bank of England has adopted a careful stance about rate cuts despite a weak overall economy.
The BoE, earlier this month, lowered its benchmark interest rate to 4.5% from 4.75%. Traders are pricing in only two more rate cuts for Cheap Private Proxies - dreamproxies.com - the rest of 2025.
*
Plus500 outlook in line with expectations; shares fall
*
BT Group down on Citi's double downgrade to 'sell'
Feb 18 (Reuters) - Britain's benchmark index was largely unchanged on Tuesday, while the domestically focused mid-cap index fell after data showing a pick-up in wage growth led investors to trim their bets on the pace of future rate cuts.
The blue-chip FTSE 100 was holding at 8,777.16 points as of 1030 GMT, while the mid-cap FTSE 250 had slipped 0.4%.
British pay growth accelerated in the last three months of 2024, underscoring why the Bank of England has adopted a careful stance about rate cuts despite a weak overall economy.
The BoE, earlier this month, lowered its benchmark interest rate to 4.5% from 4.75%. Traders are pricing in only two more rate cuts for Cheap Private Proxies - dreamproxies.com - the rest of 2025.
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228.00 Pound £
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