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FTSE 100 Closes Down 0.75% After Rate Hike; Ocado Surges on Bid Speculation

The FTSE 100 Index closed Thursday down 0.75% to 7502 points, reaching a three-week low as investors weighted the impact of more rate hikes on the U.K. economy, IG Group Chief Market Analyst Chris Beauchamp says in a note. ....

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BOE Signals Willingness for Further Tightening, Despite Recession Fears

BOE Signals Willingness for Further Tightening, Despite Recession Fears

1222 GMT - The Bank of England will raise rates at least once more in August, with rates unlikely to come down until the second half of 2024, Ruth Gregory, deputy chief U.K. ec. ....

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