For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Traders remained cautiously optimistic as the week ended, despite warnings from US banks that interest rates Stateside could rise every month until September. In London, the FTSE 100 closed the day up 15.97 points, or 0.21%, at 7483.35, continuing a recent rebound driven by gas and mining firms enjoying rising prices as a result of the war in Ukraine . The latest UK retail sales figures showed a decline in February, which dragged some high street names down, but, it was not enough to put the leading index in the red. Michael Hewson, chief market analyst at CMC Markets UK, said: "The rise in oil prices continues to benefit the likes of BP and Shell this week, while expectations of rising interest rates are helping to boost the banks. "On the flip side of that, as concerns about the cost-of-living increase, retailers and house builders have been feeling the pressure and sliding back." He added: "Today's disappointing UK retail sales numbers for February and a slide in consumer confidence in March have served… Read full this story
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