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UK midcaps jump on rising rate cut prospects, upbeat earnings

A financial trader works at their desk at CMC Markets in the City of London
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(Reuters) - Shares in most domestically-focused British companies rallied on Thursday after two Bank of England policymakers unexpectedly voted for an interest rate cut, fuelling hopes of a fresh boost to the economy, while upbeat earnings updates also lent support.The FTSE 250 midcap index jumped 1.1% to just short of a one-year high, with gains across all but two sectors. The more..
Date Published: Nov 07, 2019
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