Bank of England set to cut rates
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European stocks are expected to open in negative territory on Thursday as traders prepare for central bank decisions today.
The FTSE 100 (^FTSE) and European stocks recovered some ground on Thursday, after a muted start, as traders digested the Bank of England's (BoE) interest rate decision and awaited an announcement from the European Central Bank (ECB).
Dec 18 (Reuters) - European shares were muted on Thursday as investors adopted a largely cautious stance ahead of a series of central bank announcements across the region and crucial U.S. inflation data.
The dollar held gains against its major counterparts on Thursday as markets positioned for central bank decisions in Britain, Europe and Japan.Sterling remained lower after an unexpected drop in UK inflation backed the case for a rate cut by the Bank of England.