FTSE closes lower on gloomy BoE forecast

A gloomy forecast from the Bank of England compounded fears over the future of the eurozone and further knocked the confidence of investors today.

FTSE closes lower on gloomy BoE forecast
Wed, 16 Nov, 2011 - 17:01

A gloomy forecast from the Bank of England compounded fears over the future of the eurozone and further knocked the confidence of investors today.

The FTSE 100 Index pared some of its losses after the US Federal Reserve said industrial production grew at its fastest rate in three months but still closed 8 points lower at 5509.

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