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.

FTSE slips after Bank of England report
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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