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FTSE 100 Rises As GDP Beats Forecasts
(RTTNews) - U.K stocks rose notably on Friday as data showed the British economy unexpectedly grew in November.
GDP grew 0.1 percent in the month as food and drink businesses benefited from the FIFA World Cup.
The benchmark FTSE 100 climbed 47 points, or 0.6 percent, to 7,838 after climbing 0.9 percent in the previous session.
Miners extended recent gains, with Antofagasta and Glencore rising about 2 percent each after China's exports and imports figures came in above forecasts.
Banks Standard Chartered and HSBC Holdings rallied 1-2 percent.
Housebuilder Taylor Wimpey rose half a percent after saying it is planning job cuts to keep a lid on costs.
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Bank Of England Cuts Key Rate By 25 Bps Amid Trade Tariff Concerns
The Bank of England reduced its interest rate by a quarter-point on Thursday, as policymakers judged that higher trade tariffs warrant such action amid slowing inflation. In a three-way split, the Monetary Policy Committee, governed by Andrew Bailey, lowered the bank rate to 4.25 percent. This was the fourth such reduction since last August.
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vor 10 Minuten
Indian Rupee Falls To Near 4-week Low Amid India-Pakistan Tensions
The Indian rupee weakened against the U.S. dollar in the European session on Thursday, as growing concerns over escalating India-Pakistan tensions curbed investors' appetite for risk.
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vor 1Std 19 Minuten
Bay Street May Open With Positive Bias
Canadian shares are likely to open with a positive bias on Thursday in reaction to reports that the U.S. and U.K. have agreed on a trade deal. Investors will also be reacting to a slew of corporate earnings announcements, and the Bank of England's interest rate move.
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vor 1Std 27 Minuten
Pound Recovers After BoE Monetary Policy Announcement
The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday, after the Bank of England decided to reduce its interest rate by 25 basis points in a three-way split.
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vor 1Std 31 Minuten
U.S. Labor Productivity Pulls Back More Than Expected In Q1
The Labor Department released a report on Thursday showing a pullback by U.S. labor productivity in the first quarter of 2025 along with a sharp increase by unit labor costs.
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vor 1Std 32 Minuten
U.S. Weekly Jobless Claims Dip To 228,000
First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday.
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vor 1Std 38 Minuten
Pound Recovers Against Majors
The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday.
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vor 1Std 47 Minuten
FTSE 100 Modestly Higher Ahead Of BoE Policy Announcement
U.K. stocks are modestly higher on Thursday as investors await the Bank of England's monetary policy announcement later in the day. Optimism about U.S. agreeing on a trade deal with a major country is also aiding sentiment.
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vor 3Std 13 Minuten
