FTSE 100 drops amid rate fears
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future interest rate cutsTelegraph
•FTSE slumps amid inflation fears - latest updates
76% Informative
The FTSE 100 fell 1.1pc and was on track for its worst week in 16 months .
The yield on 30-year UK gilts climbed as high as 5.16pc today , putting it close to its highest level since 1998 .
The Bank of England held interest rates at 4.75pc on Thursday , with Governor Andrew Bailey warning that policymakers favour a “gradual approach to future interest rate cuts”.
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