London's FTSE 100 dipped due to market bets of interest rate cuts after UK inflation fell slightly.

London's FTSE 100 dipped on Wednesday ahead of the Federal Reserve's interest rate decision and the Bank of England's policy meeting. UK inflation softened, with the annual rate falling to 3.4% in February, slightly below expectations of 3.5%. This has increased market bets of interest rate cuts this year from the Bank of England. The FTSE 100 opened lower, slipping 0.1%, as investors remained cautious.