FTSE 100 Hits Two Month Low After Bank of England Rate Hold
London stocks fell today as the Bank of England held rates steady. Investors weighed Middle East risks and reports of 20,000 potential job cuts at HSBC.
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Major stock indices in the United Kingdom finished at multi-month lows on Thursday as investors weighed the Bank of England's decision to maintain interest rates against the backdrop of an intensifying conflict in the Middle East. The blue-chip FTSE 100 index dropped 2.4% to its lowest level in two months, while the mid-cap FTSE 250 also fell 2.4%, reaching its lowest point since November of last year.
