With markets having already erred on the aspect of warning and priced in a small snip from the BoE, response was not dramatic from the Metropolis.
Instantly after the BoE introduced a 25 foundation level slash, the FTSE 100 rallied to its highest degree since markets opened this morning, reaching 8396.14, a determine that has since settled to round 8376, in accordance with knowledge from MarketWatch.
The reduce additionally stimulated boosts to rate of interest sectors corresponding to retail and property, “the place the rate of interest uncertainty has been a darkish cloud hanging over these sectors for the final two years”, stated Tom Hopkin…
