London Markets: FTSE 100 gains ground as pound dips before Bank of England rate verdict [MarketWatch]
SHIRE (SHPG)
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Source: MarketWatch
FTSE 100 gains ground as pound dips before Bank of England rate verdict U.K. stocks moved higher Thursday, aided by pound weakness before the Bank of England delivers its latest decision on interest rates, as the key London index continued to recover from a selloff prompted by trade tensions earlier in the week. The FTSE 100 index UKX, +0.03% moved 0.4% higher at 7,657.48. The health care and consumer goods sectors topped the advancers, while the oil and gas group flipped slightly lower. The blue-chip benchmark on Wednesday gained 0.3% . The pound GBPUSD, -0.4327% fell to $1.3138, from $1.3173 late Wednesday in New York. In the fixed-income market, the 10-year gilt yield TMBMKGB-10Y, -0.92% added 1 basis point to reach 1.30%. Yields rise when prices fall. Stocks were still showing signs of recovery from their slide on Tuesday. Global equities were rattled by an escalation in the trade fight between the U.S. and China, the world’s two largest economies. Read: China can’t mat
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