FTSE surges ahead despite downgrading of growth forecast

The Bank of England’s downgrading of the UK’s growth forecast could not stop the FTSE 100 Index from making gains today.

FTSE surges ahead despite downgrading of growth forecast
Wed, 16 Feb, 2011 - 12:57

The Bank of England’s downgrading of the UK’s growth forecast could not stop the FTSE 100 Index from making gains today.

The Bank slightly downgraded its predictions for growth for this year and also warned in its quarterly inflation report that CPI could rise towards 5% in the coming months.

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