UK FTSE 100 gains on BoE stimulus

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Source: Dukascopy Bank
UK FTSE 100 retreated from previous loss on Friday as the board of the Bank of England signalled it will boost its cheap lending program to inject money into British firms and households. Banks rallied on cheap loan perspectives with RBS gaining 8.3% and Lloyds advancing 4.4%. Royal Dutch Shell gained 2.3%. Oil shares rose after crude price climbed above USD 84 a barrel. British Sky Broadcasting Group fell 2.9% after its share target price was cut by S&P Equity Research. At the moment of writing FTSE 100 trades 0.4% or 20 points higher at 5,487.2

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