India, June 18 -- Better-than-expected CPI readings from the U.K. bolstered sentiment, helping FTSE 100 outperform its peers.
Data released earlier in the day showed annual inflation rate in the U.K. edging down to 3.4 percent in May from 3.5 percent in April, matching expectations. Core inflation declined more-than-expected to 3.5 percent from 3.8 percent in the previous month. Month-on-month headline and core inflation recorded 0.2 percent as expected.
The Middle East conflict as well as the Bank of England's interest rate decision scheduled for Thursday also swayed market sentiment.
The FTSE 100 which had closed at 8,834.03 on Tuesday oscillated between 8,856.56 and 8,820.42 on Wednesday even as markets digested the softening in consu...