Britain's mixed recovery and the shock of US inflation figures above 6% today kept the economic outlook at the forefront of investor thoughts.
Figures from the Office for National Statistics showed the UK economy advanced 1.3% in the three months to September, below expectations for 1.5% but offset by a stronger-than-forecast finish to the period.
The update kept up the pressure on the pound after the US dollar surged yesterday as an inflation figure at 6.2% brought forward expectations for the Federal Reserve’s first interest rate hike since the start of the pandemic.
The FTSE 100 index gained 1% yesterday, with Burberry, B&M European Retail and WH Smith among those reporting updates today.
