Stock Market LIVE Updates: London stocks dip as UK inflation falls less than expected



On Wednesday, London stocks declined due to Britain's slower-than-expected inflation deceleration, dimming prospects of a June interest rate cut. Marks & Spencer's upbeat annual profit partially offset losses. As of 07:07 GMT, the FTSE 100 index dropped 0.6%, while the pound strengthened, hitting a two-month high at $1.27425 against the dollar.