The UK’s top share index slipped on Thursday, weighed down by losses
among financial stocks, while among positive commodity stocks, miner
Lonmin (LMI.L) soared after a takeover bid
The FTSE index was down 0.14 percent at 7,486 points by 0920 GMT, while mid-caps .FTMC were 0.46 percent lower.
HSBC (HSBA.L), Lloyds (LLOY.L) and Standard Chartered (STAN.L) weighted on the FTSE, as global banking stocks were hit by the tone from the U.S. Federal Reserve - less hawkish than expected - following its expected rate hike.
Later in the session the Bank of England’s policy meeting is widely expected to keep rates on hold and the focus will be on its views about Brexit, following Prime Minister Theresa May’s parliamentary defeat on Wednesday.
The BoE raised rates for the first time in a decade last month but it is expected to wait nearly a year before raising rates again, as the economy slows amid Brexit uncertainty.
The FTSE index was down 0.14 percent at 7,486 points by 0920 GMT, while mid-caps .FTMC were 0.46 percent lower.
HSBC (HSBA.L), Lloyds (LLOY.L) and Standard Chartered (STAN.L) weighted on the FTSE, as global banking stocks were hit by the tone from the U.S. Federal Reserve - less hawkish than expected - following its expected rate hike.
Later in the session the Bank of England’s policy meeting is widely expected to keep rates on hold and the focus will be on its views about Brexit, following Prime Minister Theresa May’s parliamentary defeat on Wednesday.
The BoE raised rates for the first time in a decade last month but it is expected to wait nearly a year before raising rates again, as the economy slows amid Brexit uncertainty.
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