London markets managed modest gains by the close on Wednesday, as investor sentiment remained cautious ahead of a crucial US inflation report later in the week.
The FTSE 100 index inched up 0.01% to reach 7,931.98, while the FTSE 250 saw a slightly stronger performance, rising 0.17% to settle at 19,810.66.
In currency markets, sterling was last 0.02% stronger on the dollar to trade at $1.2631, while it rose 0.13% against the euro to change hands at €1.1674.
"The FTSE 100 continues to consolidate around one-year highs, leaving it well-placed for additional gains," said IG chief market analyst Chris Beauchamp.
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