FTSE 100's Best Month Since Iran War, House Prices Stall, and Burnham's Devolution Push

The FTSE 100 closed up about 3.5% for July at around 10,840 points, making it the best month since the initial US attacks on Iran five months ago. Despite losing momentum in the final session, the index hit a new record high earlier in the day, a remarkable recovery from its year low below 9,700 points at the height of the geopolitical turmoil. — The Guardian

Key market drivers today:

• UK petrol prices hit their highest level...