
London midday: FTSE gains as BoE cuts rates, amid US-UK trade deal hopes
The FTSE 100 was 0.4% higher at 8,597.14 and sterling was up 0.2% against the dollar at 1.3323, having popped higher after the announcement. The BoE cut interest rates by 25 basis points to 2.25%. At its meeting on 7 May, the Monetary Policy Committee …