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FTSE 100 futures fall further after UK Inflation runs hotter than forecast

Following on from the previous update, noting the hotter than expected UK December inflation reports, the Pound has risen on the news. The other impact of that data has been to push the FTSE 100 futures even lower. The FTSE was under pressure anyway from the wider market moves this morning and this hotter than anticipated inflation data has merely served to endorse that move to the downside. The FTSE 100 was the worst performing major European index yesterday anyway, when it closed at 7,558. The futures price is now indicating the index will reopen almost 100 points below that close a little later this morning. 

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