UK Stock Market Today: FTSE 100 Hits Five-Week High After Bank of England Cuts Rates to 3.75%
The Bank of England cut its key rate by 25 basis points to 3.75% on Thursday, sending the FTSE 100 up 0.7% to 9,841.55, its highest close in over five weeks. Sterling rose and two-year gilt yields climbed after the decision, as a narrow 5–4 vote signaled caution on further easing. Retail and hospitality stocks led gains.