UPDATE 1-FTSE falls after BoE hawkish vote [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
UPDATE 1-FTSE falls after BoE hawkish vote | Reuters Reuters Staff 3 Min Read * FTSE 100 down 0.7 percent after positive open * BoE chief economist votes for rate rise * Sky hits two-month high after Disney move * Oil stocks fall ahead of OPEC’s output decision (Updates after BoE decision) MILAN, June 21 (Reuters) - Britain’s top share index fell on Thursday as sterling bounced from 7-month lows following a Bank of England policy vote that bolstered expectations for a rate hike in August. As widely expected the BoE kept rates unchanged but its chief economist unexpectedly joined the minority of policymakers calling for a hike. Its Monetary Policy Committee (MPC) voted 6-3 this month to keep rates at 0.5 percent, in contrast to economists’ expectations in a Reuters poll for a continued 7-2 split. The surprise pushed sterling higher after an earlier drop. That in turn sent the FTSE 100 index down 0.7 percent by 1151 GMT, the export-oriented index having gained slightly at the open. “Ste
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