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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: ‘Central banks could end up overtightening’; five-year mortgage rates hit 6%; shares flat

The FTSE 100 started flat today, as housebuilders declined while the travel sector performed well.

Ever-increasing peak interest rate expectations upped the pressure on building stocks, while travel was boosted by optimistic updates from two of Europe’s leading low-cost airlines.

Meanwhile Sainsbury’s insisted it was leading on the fight against inflation, having cut prices for products like spaghetti bolognese and toilet paper.

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