UK stocks remain higher after BoE policy statement

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Source: Dukascopy Bank SA
UK shares rebounded on Thursday, supported by easing concerns over Greece. Greek parliament backed fresh austerity measures needed to secure the next tranche of the bailout. However, deteriorated global economic outlook as well as lingering worries over the US fiscal cliff capped gains of the UK stock index. Meanwhile, the BoE left its benchmark interest rate and asset purchasing program unchanged. The FTSE 100 Index added 0.26% to trade at 5,806.86. Seven out of ten sectors rose. The top-gainers were consumer goods and telecommunications. J Sainsbury and Tesco climbed 0.37% and 1.15%, while BT Group and Vodafone Group advanced 1.30% and 0.42%. Lenders remained higher after the BoE monetary policy decision. Barclays, Standard Chartered and Royal Bank of Scotland gained 1.17%, 0.59% and 0.88%, respectively.


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