UK's FTSE 100 hits record high after Bank of England cuts rates, amid economic growth concerns.

The FTSE 100 reached a record high after the Bank of England cut interest rates to 4.5%, though the Bank also forecast slower economic growth and higher inflation. The index rose by 1.2% to 8,727, boosted by the weaker pound and optimistic investor sentiment. However, the Bank's decision reflects concerns over the UK economy, with growth now expected to be just 0.75% in 2025, down from a previous estimate of 1.5%.

2 months ago
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