The London Rush

Stocks Surge and BOE Rate Bets Trimmed on US-Iran Ceasefire

Stocks jump on ceasefire agreement; Starmer heads to the Gulf
Data for the FTSE 250 displayed at the London Stock Exchange.Photographer: Chris Ratcliffe/Bloomberg
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Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories.

Stocks are rallying after the US and Iran agreed a two-week ceasefire just hours before President Donald Trump’s deadline. The de-escalation — even if it proves temporary — is all anyone is focused on.