BRITAIN'S CHIP FTSE 100 <.FTSE> TURNS LOWER AFTER BOE DECISION, LAST DOWN 0.2%
LONDON, Nov 7 (Reuters) -The pound rose, while UK government bond prices pared gains on Thursday after the Bank of England delivered a widely expected rate cut, but signalled future reductions could be gradual, as it forecast higher inflation and higher growth ahead.
Sterling GBP=D3 rose to $1.29405 immediately after the decision, from around $1.2905 earlier, while yields on the two-year gilt GB2YT=RR were at 4.478%, down 3 bps on the day, compared with 4.475% right before the BoE's announcement.
Investors were waiting for Governor Andrew Bailey's press conference at 1230 GMT for more clarity on the decision.
Reporting by Amanda Cooper and Samuel Indyk; Editing by Alun John
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
