Bank of England raises rates to 1% despite looming recession risk
UK inflation now heading above 10%, with further rate hikes flagged in coming months
European shares hit five-week high on rebound optimism
FTSE 100 ends lower as UK prime minister sets out more restrictions
Sterling falls to eight-month low as Brexit pressures grow
Corporate warnings about the effect on Britain’s economy if a deal with the EU is not agreed soon has weighed heavily on sterling
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