No Euphoria for U.K. Stocks Following Past BOE Rate Cuts: ChartBy
Economists forecast the Bank of England will lower its key interest rate on Thursday to help support the economy following the vote to leave the European Union. While the move should inspire confidence in the market, a reduction has historically failed to lift equities on the day of the event. Since 2007, the FTSE All-Share Index dropped on eight out of the nine times the BOE cut.
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