FTSE rises after Bank of England holds rates, halts long-dated gilt sales
UK’s FTSE 100 gained after the Bank of England kept interest rates unchanged and said it would halt sales of long-dated gilts entirely.
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04:19:35 PM UTC
SquawkNews
The main UK indexes rose to their highest in over a week on Thursday after the Bank of England kept interest rates unchanged as expected, and said it would halt sales of long-dated gilts entirely.The blue-chip FTSE 100 index CURRENCYCOM:UK100 closed 1.2% higher at 10,816.14 points, while the midcap…
75%, as widely expected. The central bank said rates may need to rise if inflationary pressures intensify as a result of the conflict in the Middle East. Six of the nine policymakers, including Governor Andrew Bailey, voted to keep the current rate, leaving the committee split on the same lines as in July. Gains were broad-based.
8%. 9%. 6% respectively. 8%.
8% after raising its full-year guidance. Oil prices fell for a second consecutive session.