FTSE 100 LIVE: European stocks higher as Bank of England expected to cut interest rates
Meanwhile, UK gilts have continued to sell off, with the spread of 10-year gilt yields over bunds widening by +5.4bps yesterday to 215bps. This is the widest closing level since September 2022, in the week immediately after the “mini-budget” that triggered market turmoil when Liz Truss was prime minister.