India, July 30 -- The U.K. stock market's benchmark index FTSE 100 climbed to a fresh record high Thursday morning and hovered slightly below that mark in early afternoon trades with investors digesting the Bank of England's policy announcement in addition to reacting to spate of corporate earnings updates.
Worries about Middle East tensions appeared to be limiting market's upside.
The Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost-of-living pressures on households.
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