FTSE Rallies, Sterling Sinks on UK Rate Cut
The Bank of England cut its benchmark interest rate by 0.25% as had been widely expected. This has sparked significant moves in the UK market today with the FTSE gaining 1.6% and the Pound falling 1.1%. In comparison, the Euro, Aussie, Loonie and Gold are all down about 0.3% against the US Dollar. Equity market […]