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- by finance.yahoo.com
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UPDATE 2-London stocks slip ahead of key interest rate decisions
The blue-chip FTSE 100 slipped 0.4% to mark its weakest close in nearly three weeks. Investors were gearing up for monetary policy decisions from the U.S. Federal Reserve and the Bank of England on Wednesday and Thursday, respectively, with both the central banks widely expected to raise interest rates by 50 basis points. "Markets are in a wait-and-see mode this week, with CPI from the U.S. and the Fed. The Fed drives everything and the market will be looking very closely at these two important data points," said Andrea Cicione, head of strategy at TS Lombard.