Bank of England cuts rates
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UK annual inflation slowed to 3.2% in November, the lowest reading in eight months and below the BoE’s forecast of 3.4%. At the same time, GDP contracted for a second consecutive month in October, while private-sector wage growth continued to cool.
London stocks climbed, driven by the Bank of England's rate cut and positive US inflation data that hinted at further Federal Reserve easing. The FTSE 100 and midcap FTSE 250 witnessed gains, while aerospace,
GBP/USD firmed on Thursday as the pound strengthened following the Bank of Englands relatively The Bank of England cut interest rates on Thursday following a narrow vote among policymakers, while signalling that
Two-year gilt yields fell while ten-year yields were steady as investors expect the Bank of England to cut its key rate at 1200 GMT.
UK unemployment climbed to its highest level in almost five years and wage growth eased as a cooling labor market appeared to clear one of the final hurdles to a pre-Christmas interest-rate cut by the Bank of England.