Sept 21 - London stocks ended lower on Thursday but trimmed losses earlier in the day after the Bank of England held interest rates steady, indicating an end to its rate-hike cycle but signalled that rates will remain higher for longer.The Bank of England halted its long run of interest rate increases as the British economy slowed, but it said it was not taking a recent fall in inflation for granted.
"After the Fed alarmed markets yesterday with a hawkish pause in rates, the Bank of England today followed suit and didn't deliver a dovish hike...," said Charles Hepworth, Investment Director, GAM Investments. Among individual stocks, JD Sports Fashion jumped nearly 9.0% after the sportswear retailer forecast a higher annual profit.
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