The blue-chip FTSE 100 was tepid on Wednesday as British Prime Minister Rishi Sunak is likely to set out his priorities for 2023, while investors also awaited minutes from the U.S. Federal Reserve's meeting to gauge the path forward for interest rates.
first speech
of the year, Sunak will try to reassure his restive Conservative Party that he has what it takes to lead them into the next national election. Minutes from the U.S. Fed's December meeting, when it cautioned rates may need to remain higher for longer, are due to be released later on Wednesday. Investors will parse the minutes to figure out whether more policy tightening is likely.
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