FTSE slips after Bank of England report

A cautious economic forecast from the Bank of England left the FTSE 100 Index in the red today and sent the pound slumping back from recent gains.

Wed, 13 May, 2009 - 13:09

A cautious economic forecast from the Bank of England left the FTSE 100 Index in the red today and sent the pound slumping back from recent gains.

The Bank’s forecast for a 4.5% contraction this year at the recession’s worst point provided a sobering outlook after recent recovery hopes.

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CourtsBusinessHeathrowPlace: LondonOrganisation: FTSEOrganisation: Bank of EnglandOrganisation: Royal Bank of ScotlandOrganisation: Lloyds Banking GroupOrganisation: BarclaysOrganisation: CompassOrganisation: Competition CommissionOrganisation: Enterprise InnsOrganisation: Punch TavernsOrganisation: Johnston Press
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