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London stocks maintain gains after Bank of England keeps rates on hold

Dave Morris
London stocks maintain gains after Bank of England keeps rates on hold

Stocks are being supported globally after the U.S. Federal Reserve and the European central banks this week signaled they would support their regional economies in the face of slowing growth. The West Texas Intermediate (WTI) crude oil benchmark (CL) rallied 3% to $55.37/bbl. The U.S. Federal Reserve did not cut interest rates, but it did signal that it was considering doing so at its policy rate announcement Wednesday, citing growing “uncertainties”.