Advertisement
UK markets close in 3 hours 24 minutes

  • FTSE 100

    8,114.85
    +35.99 (+0.45%)
     

  • FTSE 250

    19,812.16
    +210.18 (+1.07%)
     

  • AIM

    755.06
    +1.94 (+0.26%)
     

  • GBP/EUR

    1.1675
    +0.0019 (+0.16%)
     

  • GBP/USD

    1.2512
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    51,369.05
    +432.02 (+0.85%)
     

  • CMC Crypto 200

    1,385.40
    -11.13 (-0.80%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    84.15
    +0.58 (+0.69%)
     

  • GOLD FUTURES

    2,356.70
    +14.20 (+0.61%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,042.43
    +125.15 (+0.70%)
     

  • CAC 40

    8,040.85
    +24.20 (+0.30%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

London stock futures jump after BoE's rate cut

Reuters - UK Focus
·1-min read

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

March 11 (Reuters) - London's FTSE 100 futures jumped on Wednesday after the Bank of England unexpectedly cut interest rates to shield the economy from the impact of the coronavirus outbreak.

FTSE futures gained 0.9% after the central bank cut rates by 50 basis points for the first time since August 2016.

That comes ahead of the unveiling of the first budget of Prime Minister Boris Johnson's government. New finance minister Rishi Sunak is expected to pledge billions of pounds to fight the fall-out from the coronavirus on Wednesday.

The central bank move also lifted sentiment in Europe, with Euro Stoxx 50 futures rising 0.7% and German DAX futures gaining 0.4%. (Reporting by Sruthi Shankar in Bengaluru; Editing by Bernard Orr)