A man shelters under an umbrella as he walks past the London Stock Exchange.
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European stock markets gained while sterling sank on Thursday after the Bank of England poured cold water on the idea that the road is clear for it and the Federal Reserve to start raising interest rates shortly.Asian markets ended mixed and oil prices flat, but Wall Street looked set to open higher, turning back falls a day earlier on signals the U.S. central bank will seriously consider raising rates next month.Data Thursday showed that U.S. weekly jobless claims rose by the most in eight months, while labor costs in the third quarter rose far less than expected.The dollar had surged to a three-month high and Asian stocks fallen earlier as expectations hardened of the first rise in U.S. rates in almost a decade coming next month.
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