Global rally lifts London stocks ahead of BoE decision ...Middle East

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Global rally lifts London stocks ahead of BoE decision
source : Devdiscourse ( Middle East ) () 14
UK shares rose on Thursday after the U.S. Federal Reserve's widely expected rate hike triggered a relief rally in global markets, with investor focus on the Bank of England's meeting amid concerns over Britain's cost-of-living crisis. The Bank of England looks poised to raise interest rates later in the day for the fourth time since December, the fastest increase in borrowing costs in a quarter of a century, as the central bank tries to quell inflationary pressures.

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