UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound sliding
- Bank of England cuts interest rates to 4.5% but halves UK growth forecast
- Evelyn de Rothschild left bank in 2004 after sexual misconduct complaint
Britain’s blue-chip share index has hit a new all-time high at the start of trading, as investors anticipate a cut in UK interest rates today.
The FTSE 100 index has gained 0.8% to a new intra-day peak of 8,695 points, up 72 points today, above the previous record of 8,692 points set last month.
After a severe allergic reaction on Monday after the tariff news, markets continued to be relatively sedated yesterday as investors continued to price out the chance of aggressive tariffs.
Continue reading… The Guardian Read More UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound slidingBank of England cuts interest rates to 4.5% but halves UK growth forecastEvelyn de Rothschild left bank in 2004 after sexual misconduct complaintBritain’s blue-chip share index has hit a new all-time high at the start of trading, as investors anticipate a cut in UK interest rates today.The FTSE 100 index has gained 0.8% to a new intra-day peak of 8,695 points, up 72 points today, above the previous record of 8,692 points set last month.After a severe allergic reaction on Monday after the tariff news, markets continued to be relatively sedated yesterday as investors continued to price out the chance of aggressive tariffs. Continue reading…
