FTSE 100 falls Pound jumps

Markets

FTSE 100 falls Pound jumps

The FTSE 100 falls back to close at: 7295 down 84 points.

Perceived hawkish comments from the Bank of England helped the pound to rise on early rather than later interest rate rises. Higher inflation and UK growth are also adding to the Bank of England’s concerns.

The FTSE fell back as the BoE announced their interest rate decision.

FTSE 100 top performer was: NEXT PLC (NXT) – up 13% at: £49.94

FTSE 100 worst performer was: Morrison (Wm) Supermarkets PLC (MRW) down 5.1% at: 232.40

 

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