UK stocks inch higher as oil retreats; Fed decision in focus
London shares rose modestly as oil retreated, while traders awaited the U.S. Federal Reserve decision on interest rate hikes later Wednesday.
London shares edged up on Wednesday as oil prices eased, with traders waiting for the U.S. Federal Reserve’s interest-rate decision later in the day. The blue-chip FTSE 100 index CURRENCYCOM:UK100 gained 0.34% to 10,692.21 points by 0926 GMT, while the midcap FTSE 250 FTSE:MCX advanced 0.46…