Market Report: Interest Rate Rumour Sparks Footsie Surge

Summary


Signs that a cut in the cost of borrowing could be on the cards propelled the FTSE 100 Index to fresh heights last night.

Retailers and banking stocks surged on the news that two members of the Bank of England voted for a reduction in interest rates earlier this month.

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Extract


Market Report: Interest Rate Rumour Sparks Footsie Surge

After breaking through the landmark 5,100 barrier earlier on, the Footsie settled at 17.2 points higher at 5,099.3, mar...

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