LONDON, Sept 21 - The pound fell to its lowest since March and British stocks rallied after the Bank of England held interest rates steady at 5.25%, following a cooler-than-expected inflation print the previous day.
The mid-cap FTSE 250 index also pared losses and was last just 0.08% lower. Both gauges outperformed the pan-European STOXX 600 , which was down around 1.1%. "There are increasing signs of some impact of tighter monetary policy on the labour market and on momentum in the real economy more generally," the MPC said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOE Rate Hike Hangs in the Balance for Market After Inflation SlowsTraders slashed the odds of a Bank of England interest-rate increase drastically after data showed inflation unexpectedly slowed in the UK.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock futures step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks slide as Fed meeting begins, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US futures step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks slide ahead of Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks end lower amid Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve began its latest policy meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »