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Stock markets latest updates and business news on Friday
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The Bank of England has been warning over ongoing inflationary pressures meaning there’s still a careful path to be walked before interest rates come down further - but governor Andrew Bailey has pointed to a softening jobs market too, with markets still expecting an August rate cut as a result.
In the stock markets, the FTSE 100 enjoyed a positive day on Thursday with miners particularly thriving, while oil prices were muted at around $67-68. Shell also rejected talk over a bid to takeover rival BP, which arose overnight.
