FTSE 100 reacts negatively to BOE decision

The number of reactions across the markets to the BOE policy decision a few moments ago have been focused on the currency, but we are seeing higher UK yields too and that has also pushed the FTSE 100 back down. The index has fallen back by around 40 points on the news and this decision is clearly a headwind to the gains seen earlier this morning. That said the UK money markets are now lowering the odds of a November base rate cut following the comments from the MPC statement. The FTSE 100 is just now trading at 8,325