Bank of England set to cut rate today
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Meanwhile, energy giant BP has appointed a female chief executive for the first time in its 116 year history. Strong results by Currys lifted its shares 10% today as the mid-cap electricals chain took centre stage on a day of subdued trading in the FTSE 100 index.
The FTSE 100 (^FTSE) and European stocks rose sharply on Monday, kicking off a busy week of interest rate decisions and economic data releases. The Bank of England (BoE) is set to announce its latest borrowing costs decision on Thursday,