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FTSE 100 index pulled back on Wednesday after better-than-expected unemployment data sparked fears the Bank of England will raise interest rates sooner than expected. The benchmark traded as high as 6,864.87 earlier in the day, but started pulling back as the Office for National Statistics said the joblessness rate in the three months to November dropped to 7.1%, closing in on the Bank of England’s threshold of 7% for considering raising interest rates. In the three months to October, the joblessness rate was 7.4% and analysts had expected the November reading to come in at 7.3%.
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