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Stock market reaction and business news from Wednesday
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The FTSE 100 faces a stern test of its new high levels this week, with Israel-Iran tensions still running high and Tehran facing warnings from President Trump. Positive news for businesses came, however, from the G7 summit where the UK and US finally signed off on their trade agreement.
Domestically, inflation data came in higher than expected meaning no month-to-month drop in the rate after revised figures from the ONS, with all signals pointing to the Bank of England holding interest rates when they announce the latest MPC decision on Thursday.
