FTSE 100 rallies but off highs after Bank of England rules out following Fed’s chunky rate cut
European equities were on the up, though the FTSE 100 surrendered some of its morning progress after the Bank of England left rates unmoved, despite the US Federal Reserve's bumper 50 basis point cut on Wednesday.
The BoE said it will adopt a 'gradual approach' to easing monetary policy.
'Monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflat...