Today news
About the same in other media
Investors welcome rate cut but urge BoE to be vigilant as inflationary pressures 'still lurking'
Reading now: 362
With markets having already erred on the side of caution and priced in a small snip from the BoE, reaction was not dramatic from the City. Immediately after the BoE announced a 25 basis point slash, the FTSE 100 rallied to its highest level since markets opened this morning, reaching 8396.14, a figure that has since settled to around 8376, according to data from MarketWatch. The cut also stimulated boosts to interest rate sectors such as retail and property, «where the interest rate uncertainty has been a dark cloud hanging over these sectors for the last two years», said Tom Hopkin...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Intel disappointed investors. For corporate customers, it’s still good enough livemint.com /3 months ago
Interest rate cuts are on the horizon, but high mortgage rates could be here to stay foxbusiness.com /3 months ago
Bank of England 0.25% Rate Cut Stirs Potential Bitcoin Breakout cryptonews.com /3 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
