Interview: Hopes of rate cuts driving FTSE 100 rally, says LSE expert
LONDON, April 26 (Xinhua) -- One of the major factors behind a week-long surge of the benchmark FTSE 100 is the expectation of possible interest rate cuts this year, a top economics professor said on Friday.
The FTSE 100 closed on Friday at a new high of 8139.83 points, gaining over 3 percent this week. This represents the index's best weekly performance in 2024.
"There are two or three main things going