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FTSE 100 touches record high as growing rate cut bets dent sterling

The UK’s blue-chip FTSE 100 hit an all-time high on Friday, supported by a weaker pound after much softer than expected retail sales data boosted expectations of an interest rate cut next month.

The FTSE 100 rose 1.4% to hit record highs and logged its fourth straight weekly gain. The midcap…

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