UK stocks rise as slower August hiring boosts rate pause optimism

Published by
Reuters UK

By Siddarth S and Shubham Batra (Reuters) -London stocks had their best day in a week on Friday after a survey signalled slower hiring activity in August, cementing bets that the Bank of England will pause its interest rate hikes with more signs of a cooling labour market. The exporter-heavy FTSE 100 index rose 0.5%, climbing for a third consecutive week, led by a 2.6% jump in shares of automobiles and parts. The domestically-focused FTSE 250 index climbed 0.4%, though clocked losses for the week. An industry survey on Thursday showed that employers concerned about the economic outlook reduced…

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