Interest rate fall hopes keeps FTSE buoyant
23/06/2005 - 13:07:35Hopes of a fall in British interest rates helped the London market to keep its head above the 5100 threshold today.
Investors in banking stocks continued to take heart from yesterday’s news that two members of the Bank of England’s Monetary Policy Committee voted for a cut in rates.
Northern Rock, Royal Bank of Scotland, Lloyds TSB, HSBC and Barclays all helped to drive the FTSE 100 Index 13.9 points higher to 5113.2.
