FTSE 100 and sterling rise after Bank of England rate cut

Members voted to reduce interest rates by 25 basis points to 3.75%(Jordan Pettitt/PA) - (PA Wire)

Stock prices in London closed in the green on Thursday, following the Bank of England’s decision to cut rates and a hold from the European Central Bank.

In a split vote, the Bank’s Monetary Policy Committee (MPC) voted five to four to reduce interest rates by 25 basis points, which takes the bank rate to 3.75% from 4%.