FTSE Climbs on rate cut hopes amid inflation heat; GSK Soars 7.6%. US trade gap widens.

FTSE 100 dips as trade tensions rattle markets; sterling gains. Entain jumps on BetMGM outlook, Vodafone slumps. US job data fuels rate cut bets. GSK, PMIs in focus.

London stocks climb amid US tech recovery and Trump's protectionist stance on semiconductors, whilst SSP and Wickes lead mid-cap surge.