FTSE 100 Slides Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell on Thursday as investors awaited the Bank of England's interest-rate decision for direction.
Having raised borrowing costs by 25 basis points five times since December, the central bank is now expected to become more aggressive with a 50-bps hike, the most since 1995.
The benchmark FTSE 100 dropped 22 points, or 0.3 percent, to 7,423 after adding half a percent on Wednesday.
Commodity trader Glencore advanced 1.7 percent after profits more than doubled to a record in the first half of the year.
Fashion retailer Next surged 4.7 percent after raising its profit forecast. Rolls-Royce shares slumped more than 9 percent. The aero-engine maker has warned of looming economic challenges after reporting a bigger-than-expected fall in first-half profit.
DAX Holds Steady In Lackluster Trade
Asian Shares Mixed; Nikkei Rallies On Weak Yen
European Shares Set To Follow Asian Peers Higher
NZ Dollar Slides Against Majors
Australian Dollar Falls Against Majors
Sensex, Nifty Modestly Higher In Early Trade
Asian Markets Mostly Higher
